Bitcoin is currently locked in a high-stakes battle around the $70,000 psychological level. On the 1-hour timeframe, momentum is mildly bullish due to short covering, but the broader trend remains bearish. Immediate support sits near $69,850, with a critical pivot at $70,244. As long as BTC holds above this pivot, a push toward $71,200 is possible, and a clean break could extend to $71,800–72,000. However, failure to clear the $71k–$71.2k sell wall within this hour increases the risk of a sharp pullback toward $69,200, with downside acceleration possible if $69,800 breaks. $BTC
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Bitcoin (BTC):
Bitcoin is currently locked in a high-stakes battle around the $70,000 psychological level. On the 1-hour timeframe, momentum is mildly bullish due to short covering, but the broader trend remains bearish. Immediate support sits near $69,850, with a critical pivot at $70,244. As long as BTC holds above this pivot, a push toward $71,200 is possible, and a clean break could extend to $71,800–72,000. However, failure to clear the $71k–$71.2k sell wall within this hour increases the risk of a sharp pullback toward $69,200, with downside acceleration possible if $69,800 breaks.
$BTC