Rehan Ijaz

Here’s a precise breakdown of your Bitcoin technical update and what it implies:

Current Price Action

Bitcoin range: $68,090 – $69,162 (1-hour observation)
Market cap: $1.36T
24h volume: $97.38BIntraday range: $66,131 – $71,604
Observation: Market has stopped panicking but lacks conviction—traders are indecisive.
Key takeaway: Price is compressing between support ($66,000–$68,000) and resistance ($70,500–$71,700), often a precursor to a volatility expansion (sharp move in either direction).

Technical Structure
Daily Chart

Clear downtrend from $97,900 high to capitulation low at $59,930.
Recent rebound appears reflexive, not trend reversal.
Volume: surged during the sell-off, faded on recovery—classic panic → stabilization pattern.
Trend verdict: Broader market still corrective; only reclaim above $75K would signal a real shift.1-Hour ChartShort-term uptrend from $59,930 stalled at $71,673 → forming lower highs.
Current price oscillation around $68–69K = intraday balance, low conviction.
Support/Resistance

Support: $67,500 – $68,000
Resistance: $70,500 – $71,700

Indicators

RSI: 31 → near oversold
Stochastic: 21 → near oversold
CCI: −122 → deeply negative
ADX: 44 → confirms strong trend (currently downtrend)
MACD & momentum: firmly negative
Moving Averages: 10 EMA → 200 SMA all above current price, creating a strong overhead ceilingInterpretation: Momentum is negative, but compressed price and low volume suggest potential for breakout if a catalyst emerges.
Scenarios
Bull Case

Price holds above $66–68K support

Short-term compression resolves with breakout above $71–72K
Could confirm the $59,930 low as a meaningful exhaustion point
Signals short-term relief rally or trend shiftBear Case

Daily downtrend intact, negative momentum dominates

Price remains below all major moving averages
Rebounds stall at prior breakdown zones
Failure to reclaim $75K → corrective rallies, risk of renewed downside if $66K breaks
Summary

Bitcoin is compressed and indecisive between support and resistance.

Technicals favor bearish structure overall but show short-term potential for volatility expansion.
Key levels to watch:

Support: $66K–$68K
Resistance: $71K–$72K
Trend shift threshold: $75K
Bottom line: The market is at a technical inflection point. Compression signals a decisive move is coming, but current indicators strongly favor caution until $75K is reclaimed or $66K breaks.
#BTC #MarketRally

Looks like $ONT is at his lowest price. From here looks like will go
Not a financial advice

Như các bạn đã biết, thị trường tiền điện tử hiện đang trong xu hướng giảm mạnh, với việc bán tháo tối qua khoảng 111 tỷ đô la từ tổng thị trường tiền điện tử.
Nhưng từ đây, một đợt tăng giá mới sẽ bắt đầu, mùa altcoin chắc chắn sẽ đến.
#SUİ #xrp #BTC