📊 BTC/USDT Market Update (1H Timeframe)

Bitcoin is currently trading around $68,997 after facing rejection near the $70,983 high. Price failed to hold above the psychological $70K resistance and we’re now seeing short-term bearish pressure.

🔎 Technical Overview:

• Strong resistance: $70,400 – $71,000

• Immediate support: $68,650

• If support breaks, next zone: $67,700 – $68,000

• MA(7) crossing below MA(25) → Short-term bearish signal

• Volume increased during the dump → Sellers active

📉 The recent red candles show profit-taking after the pump. Bulls need to reclaim $69,800 – $70,000 for momentum recovery.

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BNB

614.48

-2.63%