Bitcoin is trading at $66,408.24**, down 1.36%, and currently sits below both the 7-period MA (66,346.62) and the 25-period MA (67,228.03). The price recently bounced off a local support zone near **$65,739, attempting to reclaim the 7 MA. However, immediate resistance remains strong around $67,030–$67,675. The structure suggests bearish momentum in the short term, with key resistance at the 25 MA. If BTC fails to hold above 65,800, a deeper retracement is likely. Volume and price protection mechanisms should be monitored for further confirmation.
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Bitcoin is trading at $66,408.24**, down 1.36%, and currently sits below both the 7-period MA (66,346.62) and the 25-period MA (67,228.03). The price recently bounced off a local support zone near **$65,739, attempting to reclaim the 7 MA. However, immediate resistance remains strong around $67,030–$67,675. The structure suggests bearish momentum in the short term, with key resistance at the 25 MA. If BTC fails to hold above 65,800, a deeper retracement is likely. Volume and price protection mechanisms should be monitored for further confirmation.