Bitcoin Faces High Selling Pressure at $69.5K

Even though Bitcoin couldn't break 70K, the outlook remains optimistic.

Our analysts suggest a potential correction to $65.000, an important area of value supported by dynamic resistance on the daily chart.

This correction, however, is seen as a healthy reset rather than a cause for concern, particularly as stochastic indicators suggest a favorable setup in the near future.

What Should Traders Do?

For those holding Bitcoin in spot markets, the advice is simple: stay calm.

Any correction is viewed as a buying opportunity for those with a long-term outlook.

Leverage traders, however, might want to exercise caution.

With the market expected to remain volatile in both directions, it’s a risky time to be trading on margin.