$BTC 📉 Trend: Bearish
Price is around $69,544, trading below the MA(7), MA(25), and MA(99), which indicates strong downward momentum.
Several large red daily candles show heavy selling pressure.
Volume increased during the recent drop, suggesting sellers are active.
The recent low is $69,324. If this support breaks, the next major zone could be around $68,000–$66,000.
🔑 Resistance Levels
$71,600
$73,300
$76,800 (strong resistance near MA25)
🔑 Support Levels
$69,300 (current support)
$68,000
$66,000
📊 Outlook
As long as BTC remains below $71,600–73,300, the trend favors sellers.
A daily close back above $73,300 would be the first sign of recovery.
Breaking below $69,300 could trigger another bearish leg lower.
Current bias: 🐻 Bearish (short-term) with oversold conditions, so a temporary bounce is possible before the next major move.