Bitcoin’s Short-Term Outlook Turns Bearish: Key Resistance Levels Challenge BTC

$BTC is currently facing significant challenges, closing at $67,484.01. With resistance levels at $67,559.03, $67,579.99, and $67,590.66, the momentum appears to be bearish. Key support levels at $67,268.00, $67,162.87, and $67,149.73 are crucial to watch, as a breakdown could lead to further declines.

Technical indicators reinforce this bearish sentiment. The 9 EMA is well above the current price, and the MACD shows strong bearish divergence. Although the RSI is nearing oversold territory at 34.12, the lack of bullish signals suggests caution for traders.

For those considering trades, a long position near $67,149.73 may be viable if reversal signs emerge, while short positions near $67,579.99 could capitalize on the prevailing trend. 

Stay vigilant and monitor these key levels closely! #BTC #Bitcoin