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BTCUSDT Market Update (1H Timeframe)
Price is currently trading around 68.6K after rejection near 70.9K resistance. The market failed to hold above the moving average cluster and formed lower highs, showing short-term bearish pressure.
MACD momentum is still weak and sellers remain active, which means the market is not ready for a strong breakout yet.
Key Levels: Support: 68,000 — if this breaks, next zone 66,500–65,800 Resistance: 69,700 — reclaim needed for bullish continuation
Outlook: As long as price stays below 69.7K, downside or sideways movement is more likely. A clean break above resistance can bring buyers back and target 71K+.
This is a short-term analysis, trade carefully and manage risk.$BTC $BTC