$BTC Battling to Hold the $68k Level 🛡️
Bitcoin is currently down -2.82%, sitting at $68,896. After a rapid descent from the $97,924 peak, we are looking for where the "bleeding" stops.
• The Trend: Price is currently trading below the EMA(7) ($69,816) and EMA(25) ($70,147), which are now acting as overhead resistance.
• The Psychological Floor: We saw a wick down to $60,000 recently, showing a massive liquidity grab. Bulls need to keep the price above $68,000 to prevent a retest of those lower depths.
• RSI Check: The RSI(6) is at 41.02. It's not quite "oversold" yet, meaning there could be more sideways chop or a slight further dip before a genuine reversal.
SOL
82.81
+0.14%
ETH
2,006.44
+0.77%
BTCUSDT
Perp
66,784.4
+0.84%