BITCOIN UPDATE TODAY - Next 66650$ Are You Ready For Another Dump?

Good Morning, traders I trust you've been profitable by staying updated on our regular analyses. if you following me you'll know the market conditions and movements.

As of now the BTC showing a bullish moment according to 4h chart & 1h chart if anything change quickly I will update.

1D bearish.

Bitcoin is currently trading around $68750

According to the 4-hourly chart.

4h Chart

📍- Resistance: $69000
🟢- Support: $68350

According to the 1-hourly chart.

1h Chart

📍- Resistance: $69350
🟢- Support: $68700

I will add 4h, D chart below this post see and get idea from the chart..

Why dump possible and correction probabilities!!

👉 When I look at the STOCH RSI, it's overbought on the daily, weekly, and even monthly scales. This means the market is exhausted and we might soon see a 2.5k correction (66650)

👉 BTC rejecting from the previous HH resistance and also BTC rejects from the Macro Diagonal.

👉 Weekly BTC Liq Heatmap showing 835 million dollars worth of liquidation at 66650$.

👉 From 2023 October 13 to till now a ascending trendline giving support for BTC so I think next support (4th) at 66650$ see the ascending trendline and ....... this support accurately cross at 66650 also with 50 Day EMA (BLUE).

Scenario 1: In my view, a small dump to 68500 or lower in the next few hours if breakdown this support $68300, next $6800, $67500 is possible.

Scenario 2: , a small pump to 69450 or higher in the next few hours if this support $68750 hold then small pump $69000, $69500 is possible because of ascending triangle..

Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. like this post thanks.

1D chart 👇

https://www.tradingview.com/x/tPw7WtzW/
https://www.tradingview.com/x/jISdjDF5/