$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