🚨 Barking
Bitcoin is currently trading around $69,900, showing signs of short-term weakness after a recent rejection.
📉 Trend Overview:
Price faced rejection near the $76K level
Market is now moving downward in a pullback phase
Breakdown below MA(7) signals short-term bearish momentum
📊 Key Indicators:
MA(7): $72K → Acting as immediate resistance
MA(25): $69.1K → Key support level
Increasing red volume indicates strong selling pressure
🔑 Key Levels:
Support: $69K – $67K
Strong Support: $62.5K
Resistance: $72K – $76K
⚠️ Scenario:
If $69K breaks, price may drop towards $67K – $65K
If support holds, a bounce towards $72K is possible
💡 Conclusion: The market is currently in a pullback phase. A clear direction will depend on either a strong support hold or a breakout above resistance.