$BTC is currently trading around **$69,489** with a small **+0.89% gain**, but momentum is fading after failing to break above $70,500. Price is struggling below key short-term MAs, suggesting a cooling-off period.
đ Market Overview
Price is showing lower highs on lower timeframes, indicating profit-taking and short-term weakness.
BTC is currently trading below MA7 ($69,712) and MA25 ($69,578), while holding above MA99 ($67,867).
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đ Key Levels
đą Support: $68,800
đą **Strong Support:** $67,800 (MA99)
đŽ Resistance: $70,050
đŽ **Major Resistance:** $70,550 (24h High)
If $BTC holds above **$68,800**, a bounce toward $70,000 is possible.
If it breaks below **$67,800**, further downside toward $66,500 could follow.
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đŻ Trade Plan (Spot/Futures)
â Entry Zone: On bounce near resistance ($69,800 â $70,000 for short)
đŻ TP1: $68,500
đŻ **TP2:** $67,800
đ Stop Loss: Above $70,200
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đ„ Why Consider Short?
· Rejection from $70,500 zone
· Trading below MA7 & MA25
· Funding rates cooling â leverage washing out
· Volume declining â no fresh buyers yet
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â ïž Not financial advice. Always manage risk properly.
Do you think BTC will break $70K soon or cool down further? đđ„