BTCUSDT market update
BTC is showing a short term relief bounce after the drop to 68.7K, currently trading around 70.5K. However, price is still below the EMA 200 (~71.4K), which keeps the overall structure bearish for now.
Key resistance
70.7K immediate resistance
71.4K EMA 200 critical level
73.2K next major resistance
Key support
70.0K short term support
68.7K recent low
68.4K strong support zone
As long as BTC remains below 71.4K, this move looks like a corrective bounce rather than a trend reversal.
If price gets rejected near 71K, another move toward 68.7K is likely.
A clean reclaim and hold above 71.4K would be the first signal of strength and could push BTC toward 73K.
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BTCUSDT
Διην.
69,906.6
-1.02%