#BTC Technical Analysis
1. Resistance Zone
Strong rejection around 72,800 – 73,000
Multiple wicks showing sellers are active here
➡️ This is your major resistance
2. Support Zone
Immediate support: 70,400 – 70,000
If this breaks → next support near 69,500
3. Moving Averages
MA(7): ~70,916 (price below → bearish pressure)
MA(25): ~71,330 (acting as resistance)
MA(99): ~69,465 (strong dynamic support)
➡️ Price is below short-term MAs → weak momentum
4. Volume Analysis
Volume decreasing after pump
➡️ Indicates trend exhaustion
No strong buying pressure currently
5. Market Structure
After a strong pump → now forming lower highs
Consolidation with slight downward bias
📉 Possible Scenarios
🔴 Bearish Case (More Likely Now)
Break below 70,400
Targets:
69,800
69,500
68,600 (major support)
🟢 Bullish Case
Break & hold above 71,500
Targets:
72,800
73,500+
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