$BTC Market Update 1-Hour 🛑
Bitcoin is testing critical support after a -1.72% decline, hovering near the $67,800 low. $BTC is defending the $67,800 - $69,040 support zone. This level represents a crucial battleground that will determine the next directional move.
Key Technical Levels:
· CRITICAL SUPPORT: $67,800 (24h low) - MUST HOLD
· Immediate Resistance: $69,543 - $70,299
· Recovery Target: $71,511 if bounce occurs
Market Context:
The $1.38B trading volume indicates significant market participation at these levels. Bitcoin has broken below the $70,299 resistance and is now testing the lower boundary of its recent range.
Short-Term Outlook:
A bounce from $67,800 could trigger a relief rally toward $69,543. However, a break below this critical support might accelerate selling pressure toward $67,576 and potentially lower.
The next few candles at this support will be decisive for Bitcoin's near-term structure!
