📉 $BTC USDT Market Analysis (Short-Term)
Bitcoin is under strong bearish pressure, currently trading around 64,900, down nearly 9% in 24h. The market recently swept liquidity near 59,800, followed by a weak bounce — indicating a relief pullback, not a trend reversal.
🔹 Trend: Bearish
🔹 Price below MA(7), MA(25), and MA(99) → sellers still in control
🔹 Lower highs structure remains intact
🔹 Volume spike suggests panic selling, but follow-through buying is weak
Key Levels:
• Support: 62,700 – 59,800
• Resistance: 66,400 – 70,000
📌 As long as BTC stays below 66.5k, upside looks limited. A breakdown below 62k could trigger another leg down, while recovery above resistance is needed for bullish confirmation.
⚠️ High volatility — trade with strict risk management.