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      BTC Bears Still in Control: Sell on Strength as Downtrend Dominates

      Gerik

      Cryptocurrency

      Traders' Opinions

      Summary:

      BTC/USD is trading near the mid-$60,000s after breaking below key support, reflecting continued bearish pressure and strong downside momentum. BTC has recently been sliding within a bearish channel, with price failing to break above resistance and facing persistent selling from macro and market factors....

      Sell

      BTC-USDT

      EXP
      Trading

      65900.0

      Entry Price

      64000.0

      TP

      67400.0

      SL

      64342.9 -3294.1 -4.87%

      0

      Point

      Flat

      64000.0

      TP

      CLOSING

      65900.0

      Entry Price

      67400.0

      SL

      Market Overview

      Bitcoin has been under sustained selling pressure this week, with prices consolidating in the mid-$60Ks after losing ground from recent highs. Market forecasts show BTC moving within a bearish channel, with moving averages indicating downward pressure and price action breaking below key signal lines. Sellers still dominate the structure as BTC struggles to sustain rallies above intraday resistance, suggesting that further declines are plausible this trading week. 
      BTC has also seen broad weakness in the crypto market amid risk-off sentiment and ETF outflows, with Bitcoin recently falling below $65,000 and broader risk assets sliding. These macro moves reflect heightened caution and sustained selling interest among traders. 

      Market Sentiment

      Sentiment remains bearish to neutral at best, with extreme fear metrics and lower timeframe indicators hinting sellers are still present. Consolidation near current levels comes amid conflicting signals, but the predominant theme is downside pressure on rallies, especially if ETH and broader markets continue to drag sentiment. BTC’s dominance charts also show stress building underneath, hinting that selling pressure may continue rather than reverse quickly. 

      Technical Analysis

      BTC Bears Still in Control: Sell on Strength as Downtrend Dominates_1
      On the M15 timeframe, BTC price is trapped within a bearish channel with multiple lower highs and lower lows reflecting technical pressure. Recent forecasts highlight a test of resistance near the $70K area, where continued rejection would signal further downward rebounds. Key support areas near $63K and lower are crucial, and inability to break above initial resistance zones reinforces bearish bias. Failure to sustain rallies above resistance around ~$70K would maintain the downside trajectory. 

      Trade Recommendation

      Entry: 65900
      Take Profit: 64000
      Stop Loss: 67400
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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