Red Drip – $BTC
/USDT 15M Update
BTC trading at 66,447 (-1.60%) after rejecting 68,476 high. Intraday low printed at 65,870. 24H volume strong at 1.04B USDT, volatility active.
On 15M: MA7: 66,392
MA25: 66,421
MA99: 67,289
Price sitting below MA99 and struggling around MA25 resistance. Short-term structure still weak. Lower highs intact after sharp drop from 68.3K zone. Bounce looks corrective, not impulsive.
Momentum Insight:
Recovery candles lack expansion. No strong volume breakout. Market compressing under dynamic resistance.
Key Levels:
Resistance: 66,800 – 67,300
Major Resistance: 68,000
Support: 65,870
Breakdown Level: 65,700
Bias:
As long as price holds below 67.3K, sellers control structure. Lose 65.7K and next liquidity pocket opens lower. Reclaim 67.3K with volume and short squeeze potential builds.
Volatility rising. Structure fragile. Stay sharp.