$BTC ‌

🔍 1H Timeframe (Bigger Picture)
#BitcoinBouncesBack
Trend
Price rejected hard from 72,289 → clear lower high
Now trading below MA5, MA10, MA30
Short-term trend = bearish / corrective
Moving Averages
MA5 < MA10 < MA30 → bearish alignment
Price is below all three → sellers in control
MA30 (~70,560) acting as dynamic resistance
MACD (1H)
Histogram deep red → bearish momentum increasing
DIF below DEA → no bullish crossover yet
Momentum still pointing down
Key Levels (1H)
Resistance:
70,400 – 70,600 (MA cluster)
71,500 (previous structure)
Support:
69,400 (day low)
68,500 (previous swing low)
👉 As long as BTC stays below 70.5k, upside is limited.
⚡ 5m Timeframe (Intraday / Scalping)
Structure
Clear lower highs & lower lows
Breakdown from 70,900 → 69,400
Weak bounces = dead cat bounces
Moving Averages
Price below MA5 / MA10 / MA30
MA30 sloping down → strong short-term bearish bias
Every MA touch = selling pressure
MACD (5m)
Deep negative territory
No bullish divergence visible
Sellers still dominant, but momentum slightly slowing
Volume
High sell volume on breakdown
Low volume on bounces → confirms weak demand
🧠 Trade Scenarios (Not Financial Advice)
🔴 Bearish Continuation (Higher Probability)
Rejection at 69,800 – 70,000
Targets:
69,400
68,800
68,500
Bias remains bearish below 70,200
🟢 Short-Term Relief Bounce (Only Scalp)
If 69,300–69,400 holds
Small bounce toward:
69,900 – 70,200
This would be a pullback, not trend reversal
🧩 Summary
1H trend: Bearish correction
5m trend: Strong bearish
MACD: No reversal signal yet
Buy only after confirmation, not in free fall
Best strategy right now:
Short rallies / wait for strong support reaction
💯