$BTC /USDT: Bitcoin Rejection at $70K - Rally Fading?
+2.30% today = momentum lost. +0.07% weekly, -27.83% monthly. Rejected at $70,560, dumped to $69,064, now at $69,860.
The Play:
📉 SHORT Zone: $70,200-$70,560 (rejection zone)
🎯 Targets: $69,500 | $69,064 (recent low) | $68,500
🛑 Stop: $71,000
OR if breakout:
📈 BUY Zone: $69,600-$69,860 (support above recent low)
🎯 Targets: $70,200 | $70,560 (24h high) | $71,000
🛑 Stop: $69,000
Key Levels: Volume 1.50B USDT. Pumped to $70,560 - MASSIVE rejection. Dumped to $69,064, weak bounce to $69,860. Below MA(5), struggling at resistance. Carnage: 90-day -27%, 180-day -40%, 1-year -27%.
$70K ceiling holding. Sellers active.
⚠️ DYOR - BTC tried to break $70K, FAILED hard. Rejection at $70,560, dumped $1,500 to $69,064, now at $69,860. Up +2.3% today but still down -27% monthly. Can't break psychological $70K = major resistance. If BTC fails here, altcoins will bleed harder. Watch $69,064 support - break = dump to $68K.
Risk Level: MODERATE 🔥
#BTC #Bitcoin #CryptoTrading #70K #TechnicalAnalysis
