$BTC is currently shows bearish momentum in the short term, with strong resistance at $69,800 and support at $67,800. A break below support could trigger further downside, while a bounce may offer short-term buying opportunities. Given the bearish sentiment in the order book, a cautious approach is recommended, with stops set to manage downside risk.
Resistance: $69,800 - This level aligns with both the 24-hour high and the MA(99), marking a strong resistance zone where the price may encounter selling pressure.
Support: $67,800 - The recent 24-hour low indicates a key support level. A break below this level could lead to further declines, while a bounce here might attract buyers.
