Do you think $66.5K holds or are we sweeping liquidity below first? 👀
Flavourly
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Will BTC Rebound? The Chart at $66,932 Is Already Speaking
Bitcoin isn’t dumping blindly. It’s reacting to structure. Right now, BTC is trading at $66,932, slightly below the MA60 around $67,011. That detail matters. Because this isn’t a crash. It’s a controlled pullback.
Step 1: Price Is Testing Structure — Not Breaking It In the last 24 hours: High: $69,957 Low: $66,511Current zone: hovering near support Notice something important. Price dipped under MA60 but hasn’t accelerated lower. That means sellers are present — but not aggressive. Momentum is slowing. Not expanding. Step 2: Momentum Isn’t Bearish Enough Look at the oscillators on your chart: • Stoch RSI ~52–60 → Neutral zone
• Williams %R around -42 → Not oversold This is key. Bitcoin is NOT in panic territory. If this were true breakdown conditions: RSI would be crushed.
Williams %R would be below -80.
Volume would spike aggressively red. We don’t see that. We see hesitation. And hesitation near support often precedes a bounce.
Step 3: What Needs to Happen for Rebound? Right now BTC is trading slightly below MA60. For rebound confirmation: 1. Reclaim and hold above $67,000–$67,200
2. Push toward $69,900 high liquidity zone
3. Break above 70K → short squeeze potential If price stays below MA60 and loses $66,500 low, then: • Liquidity sweep below
• Possible quick wick
• Then stabilization This is compression phase. Not capitulation. Final Take $BTC at $66,932 is sitting at a decision zone. Below MA60 → short-term pressure
Neutral oscillators → no panic
Support at $66,500 → critical note Watch closely: 1. Hold above 66.5K → rebound attempt