By Hassan Bilal (official)
$BTC (BTC/USDT) is currently trading around $68,682, slightly down on the day (-0.23%), according to the TradingView chart you shared. While the daily percentage change looks small, the short-term structure tells a more important story.
Let’s break it down calmly and professionally.
📊 What the Chart Is Showing
From your screenshot (1D view with lower timeframe price action visible):
BTC attempted to push toward the $69.3K resistance zone
Multiple candles failed to hold above that level
Sellers stepped in, leading to a sharp move down toward $68.7K
A small bounce followed after the drop
This suggests short-term rejection at resistance, followed by a liquidity sweep below intraday support.
🧠 Market Structure Analysis (Simple & Clear)
Here’s what beginners should understand:
$69.3K area → Short-term resistance
$68.7K area → Immediate support
Recent candles show strong red momentum, indicating temporary selling pressure.
The small green reaction candle suggests buyers are defending the lower level — but confirmation is still needed.
Right now, BTC is in a minor intraday pullback, not a confirmed trend reversal.
🔍 Key Levels to Watch
Level
Why It Matters
$69,300
Recent rejection zone (resistance)
$68,700
Intraday support level
$68,300–$68,400
Potential liquidity zone if breakdown continues
If price holds above $68.7K and builds higher lows → bullish continuation is possible.
If price breaks below $68.7K with volume → we may see a move toward deeper support.
⚖️ What This Means for Traders
This is not a panic situation.
It’s a normal structure move:
Push into resistance
Rejection
Pullback to support
Decision phase
Professional traders wait for confirmation — not emotions.
📈 Possible Scenarios
Scenario 1: Support Holds
BTC stabilizes above $68.7K
Buyers regain control
Retest of $69.3K possible
Scenario 2: Support Breaks
Clean candle close below $68.7K
Liquidity grab toward $68.3K zone
Market searches for stronger support
Patience is key here.
🛡 Risk Reminder
This is educational analysis, not financial advice.
Always:
Use proper risk management
Avoid over-leverage
Wait for confirmation before entering trades
Short-term volatility does not change long-term structure immediately.
💬 Final Thought
Bitcoin is currently in a decision zone between $69.3K resistance and $68.7K support.
The next few candles will likely determine short-term direction.
Smart traders observe first — act second.
