BTC Market Update: Testing the Support 🛡️
Bitcoin showed us some volatility today, dropping to the $68,115 area. On the 1H chart, we see a clear rejection from the MA(30) and a sharp move down. However, the bulls are fighting back! We have a solid "hammer-like" candle at the bottom and a surge in Long/Short Ratio (1.255).
Current status:
📍 Local bottom: $68,115
📍 Key resistance: $70,113 (MA 30)
📍 Sentiment: Aggressive buying on the dip.
Watching for a consolidation above $69,200 to confirm the recovery. Are you buying this dip or waiting for lower levels? 📉🚀