BTC Technical Analysis
📉 Price & Trend: Bitcoin is trading in the mid-$60k range (~$66-$68k) with momentum skewing bearish as it fails to reclaim key resistance near $70k and the 200-day moving average remains above current levels, indicating the broader trend is still downward.
📊 Indicators: RSI sits near lower/mid levels (neutral-to-slightly bearish), while the majority of technical oscillators and moving averages on daily charts signal a sell/bearish bias rather than strong bullish momentum.
📌 Support Zones: Immediate support clusters around $65.0k–$66.5k; a break below this could open deeper support tests around $60k and lower if selling accelerates.
📌 Resistance Levels: Key resistance zones to clear before trend reversal hopes would be ~$70k–$73k, followed by the psychological $80k+ area where CME gaps and longer-term buyers may defend.
🌀 Risk Profile: The current range shows high volatility with bearish structure intact, while any decisive break above short-term moving averages could shift short-term bias back to neutral/bullish if heavy volume supports the move.
