$BTC /USDT: Bitcoin Breakdown - $70K Rejection Complete
+0.82% today = fake pump. +0.08% weekly, -27.41% monthly. Dumped from $70,250 to $69,350, now at $69,558.
The Play:
📉 SHORT Zone: $69,800-$70,000 (resistance zone)
🎯 Targets: $69,350 (recent low) | $69,000 | $68,730 (24h low) | $68,000
🛑 Stop: $70,300
OR if support holds:
📈 BUY Zone: $69,400-$69,558 (support above recent low)
🎯 Targets: $69,900 | $70,250
🛑 Stop: $69,200
Key Levels: Volume 1.26B USDT. Failed at $70,250, dumped to $69,350, weak bounce to $69,558. Above MA(5) but below MA(10) = mixed signals. Carnage: 90-day -26%, 180-day -40%, 1-year -29%.
$70K rejected. Downtrend resuming.
⚠️ DYOR - BTC tried $70K multiple times, FAILED. Rejected at $70,250, dumped $900 to $69,350. Up +0.82% today = noise. Down -27% monthly, -40% in 180 days. Can't break $70K = major distribution level. If $69,350 breaks, $68K incoming fast. Wait for clear breakout above $70,500 before turning bullish.
Risk Level: HIGH 🔥🔥
