BTC Market Update: Range or Rejection? 📉
Bitcoin is fighting back after tapping that 66k support, but don't let this minor recovery fool you. The overhead supply is heavy, and the bears are waiting at the gates.
Here is the "No-BS" breakdown of the current Liquidation & Price action:
The Trap Zone: We are currently seeing a bounce, but $69k - $70k is a massive wall of resistance. Expect a sharp rejection if we test that level.
The Range: We are likely stuck in a "sideways chop" between 66k and 69k. Don't get liquidated chasing the middle.
Key Levels to Watch:
🚀 Major Resistance: $69k - $70k (The Make or Break)
⚡ LTF Resistance: $67.8k
🛡️ LTF Support: $66k (Must Hold)
💀 Major Support: $63k - $64k (The Bloodbath Zone)
The Bottom Line:
The trend is still heavy. Until we flip 70k into support, every pump is just another opportunity for whales to exit. Stay sharp or get hunted.
What’s your move? Are you longing this bounce or waiting to short the $69k rejection?
👇 Drop your targets below—let’s see who’s actually watching the charts!
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