$BTC Market Update (4H&&1D TF Chart):
• BTC is currently trading around 69.4K.
• A descending trendline from above is continuously rejecting the price.
• As long as this trendline is not broken, bearish pressure may remain in the market.
IMPORTANT Levels:
🔹 Resistance:
✨70.5K – 71K (trendline area)
If there is a strong breakout, the next move could reach 72.5K – 74K.
🔹 Support:
👀68K first support
😎If this breaks, a quick drop to 66K – 65K may occur.
IMPORTANT STEP
1️⃣ Bullish SCENARIO:
If BTC breaks the trendline with strong volume, a short squeeze may occur and the price could move towards 72K+.
2️⃣ Bearish SCENARIO:
If there is a rejection from the trendline again, the price will test the 68K support again.
✅ OVERALL POINT:
The market is currently in a decision zone. If a breakout occurs, a strong pump may follow; otherwise, a downside test may happen again upon rejection.
#BTC_Update