Today’s BTC Market Analysis

BTC is currently in a moderate downward trend. The price has been steadily declining from the high of 71,789, with the current level at 66,250, well below the 200-day moving average of 69,479. Over the past several trading sessions, the market has closed lower consecutively, with a 3.52% decline during the London session and a 0.86% drop during the New York session. The key support level is in the 65,500-65,600 range, which has been tested multiple times as a strong support zone. If this level breaks, the price could further decline toward around 62,400. The first resistance is at the 200-day moving average of 69,479, followed by the previous high of 71,789.