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BTC is testing $65,700 local support after a clean rejection at $67,200 major resistance.
Here’s what you need to know 👇
The Good
4H market structure remains intact (Higher Highs & Higher Lows).
Institutional demand via Spot Bitcoin ETFs (led by BlackRock $IBIT ) stays strong.
Classic retest behavior for bitcoin:native no panic selling in sight.
The Reality
ETF inflows are great, but the market must absorb overhead selling pressure to push higher.
Key Levels
Defence
Hold $65.7k ➡️ Reload for another attempt at $67,200
Breakdown
Lose $65.7k ➡️ Re-evaluate near $65,000 demand
Trend remains cautiously bullish until proven otherwise. Eyes on the next 4H candles.
#BTC #Crypto