$BTC is trading near ~$66,000–$68,000, recently slipping below major psychological levels after a rejection near $70,000.
Market volatility has risen sharply due to hawkish macro data and defensive positioning, leading to a broader crypto pullback.
📊 Technical Overview
Consolidation range: Bitcoin is oscillating between ~$66,000 support and $72,000–$75,000 resistance. A decisive break above resistance could reignite bullish momentum, while a breakdown below support may open the door toward ~$60,000.
Neutral bias: Most indicators show a sideways to slightly bearish structure, reflecting indecision as markets digest recent highs.
📉 Market Sentiment & Risks
On-chain metrics and macro pressure suggest increasing defensive sentiment, with ETF outflows and speculative positions unwinding.
Some analysts warn that if the lower range breaks, BTC could revisit deeper support zones seen earlier this month near $60,000.#BTCVSGOLD #USJobsData
