BTC/USDT Is Coiling — But the Next Move Could Be Brutal
Price at $68,183 is sandwiched in a danger zone. MA7 ($67,268) is the only thing offering thin dynamic support — MA25 ($69,639) and MA99 ($77,368) loom above as layered resistance. Every attempted recovery has been sold into. The 1D candle structure shows lower highs since the $76K peak. Volume is collapsing — current vol at 17,285 is below both MA5 (15,851) and MA10 (19,544), signaling zero institutional buying interest.
Order book is screaming: 9.16% bids vs 90.84% asks. That's not a market looking to bounce — that's a market waiting to dump.
180D performance: -44.37%. The macro trend is broken.
Reclaiming $69,600 (MA25) on a daily close is the only thing that flips this neutral. Until then — every pump is a gift to the patient seller.
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DYOR | NFA