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Dear traders #BTC
$BTC is currently trading around $67,754, and after the recent sharp drop toward 64.9k, the market is now showing a short-term recovery bounce. That bounce came after a strong liquidity sweep on the downside, which usually brings temporary relief in price.
From the structure, BTC is still in a short-term bearish trend, making lower highs after the rejection from the 72k zone. This current move up looks more like a relief bounce rather than a confirmed trend reversal.
Right now the key level to watch is 68,500–69,200 resistance. This zone previously acted as support and now can turn into resistance. If BTC moves into this area, sellers may step in again.
On the downside, 66,500–66,000 is the first support zone. If price loses this area, we can see another move toward 65k and possibly a retest of the 64.9k low.$BTC