🚨 BTCUSDT 4H Update: Is the Panic Selling Over or Just Beginning?

Bitcoin is showing strong bearish momentum on the 4-hour timeframe after a sharp rejection from higher levels. The recent breakdown pushed BTC toward the $66,160 support zone, where buyers finally stepped in to prevent further downside. However, the trend remains under pressure, and traders should stay cautious.

📉 Technical Analysis • Price is trading below the MA5, MA10, and MA30, confirming short-term bearish control. • The moving averages are aligned downward, signaling continued selling pressure. • MACD remains negative with bearish momentum still active, although selling strength appears to be slowing. • RSI is hovering near oversold territory, suggesting a potential relief bounce if buyers gain confidence. • KDJ is attempting to turn upward from low levels, indicating a possible short-term recovery.

🎯 Key Levels 🔹 Support: $66,160 – $65,000 🔹 Resistance: $68,500 – $70,000 🔹 Major Resistance: $72,000

📊 Outlook A successful defense of the $66K region could trigger a relief rally toward $68.5K–$70K. However, if BTC loses this support, bears may target the $65K zone next. Until price reclaims key moving averages, the broader short-term structure remains bearish.

💡 Smart traders are watching for confirmation instead of chasing candles. Risk management remains the most important strategy in this market.

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