$BTC
Market Update 📊
BTC pushed into the 73.8K highs but saw a sharp rejection, followed by a strong downside move that broke short-term structure. The shift from higher highs into aggressive selling shows clear distribution at the top.
Since the drop, price has been forming lower highs and struggling to reclaim strength. The bounce attempts are weak, with sellers stepping in consistently indicating bearish control on the lower timeframe.
Momentum has clearly flipped. What was expansion is now turning into a corrective phase.
📊 Key Levels to Watch
🟢 Support Zone: 69,500 – 70,200
🔴 Resistance Zones: 71,600 • 72,300 • 73,000
⚡ Holding above 69.5K may allow for stabilization and range formation.
⚠️ Failure to reclaim 71.6K keeps pressure on the downside and favors continuation lower.
Short-term bearish structure watch for rejection at resistance or a breakdown toward lower support.