Bitcoin struggles to build a lasting uptrend as it faces resistance above $70,000.

$BTC $ETH $BNB current prices are $63,500 (0% 24h), $3,100 (0% 24h), and $580 (0% 24h) respectively.

The recent attempts by $BTC to hold rallies above $70,000 to $75,000 have been met with selling pressure due to limp ETF demand, rising US treasury yields, and profit-taking.

The overhead resistance has proven to be a significant hurdle, leading to a decline in $BTC price.

Short-term, $BTC may continue to face resistance, potentially affecting $ETH and $BNB prices.

The bottom line is that I'm bearish in the short term due to the lack of strong buying pressure.

#Bitcoin #BTC #Crypto #ETFdemand #UStrades