$BTC /USDT Analysis
Entry: $67,400 – $67,600
Stop Loss: $66,200 (below recent 24h low)
Targets: $68,000 / $69,200 / $71,500
Reason:
• Price currently consolidating between the key resistance at $68,000 (200-week MA) and support at $66,600 .
• RSI (14) on daily is near 32–35, indicating an oversold bounce is possible but no strong reversal signal yet .
• ETF outflows continue ($360M last week), but institutional accumulation persists (Strategy purchased 2,486 BTC recently) .
• A break above $68,000 could trigger a short squeeze toward $69,500+ .
Note:
• Market sentiment remains in "extreme fear" (Fear & Greed Index at 10), suggesting potential for a relief bounce .
• If $66,600 support breaks, expect a move toward $65,000 or lower .
• This is a counter-trend bounce setup within a larger bearish structure—manage risk carefully .
⚠️ Risk only 2–5% of capital
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