Bitcoin (BTC/USDT) is currently trading near $68,170, down −7.62% in the last 24 hours. The price recently bounced from the 24h low around $66,720, showing a short-term recovery attempt after strong bearish pressure.
On the 15-minute timeframe, BTC is now trading above the MA60 (~$67,422), which is a positive short-term signal. This reclaim suggests buyers are stepping in after the sharp drop, pushing price back toward the $68,200 resistance zone.
📊 Volume Insight
Green volume candles are increasing, indicating buying interest after the dip.
Volume MA(5) is above MA(10), supporting the idea of short-term bullish momentum.
However, volume is still needed to confirm a sustainable move higher.
🔑 Key Levels
Immediate Support: $67,400 – $66,700
Resistance: $68,300 → $69,000
A clean break and hold above $68,300 could open the path toward $69K.
Failure to hold above MA60 may result in another retest of lower support.
📉 Higher Timeframe Context Despite the bounce, BTC remains deeply negative across 7D, 30D, and 90D, meaning the broader trend is still bearish. This move currently looks like a relief bounce, not a confirmed trend reversal.
⚠️ Conclusion BTC is attempting a short-term recovery after a strong dump. Traders should wait for confirmation above resistance with strong volume before entering long positions. Risk management remains crucial in this volatile market.
This is not financial advice. Always trade with proper risk control.
#CryptoMarketWatch $BTC $BTC #CryptoMarkets #CryptoMarketSentiment😬📉📈 #CryptoMarketAlert