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BTC Technical Outlook: Bitcoin Drops Below $70,000 as Selling Pressure Intensifies

Bitcoin is showing significant weakness on the daily chart, with price falling toward $68,835 after breaking below the $70,000 psychological level and several important support zones. The latest decline has pushed BTC well below all four major exponential moving averages (EMAs), while RSI has dropped to 25.54, indicating deeply oversold conditions.

The key question now is whether buyers can defend the $67,236 support area or whether Bitcoin will extend its correction toward the $65,000–$63,000 region.

1. EMA
BTC-0.65%
Subscribe to Anthropic, earn trial funds, and win more rewards through post-listing trading

The Anthropic (ANT) IPO subscription channel is now open! Complete a valid subscription through Gate IPO Access and meet the threshold based on your final subscription amount to receive up to 1,000 USDT worth of ANT stock trading trial funds. Even if you are not ultimately allocated shares, eligible valid subscriptions can still participate in the rewards.

More benefits are available beyond subscribing:
Post-listing trading benefits: ANT is scheduled to begin trading on November 19. Take part in desig
GateSquare
Subscribe to Anthropic, earn trial funds, and win more rewards through post-listing trading
The Anthropic (ANT) IPO subscription channel is now open! Complete a valid subscription through Gate IPO Access and meet the threshold based on your final subscription amount to receive up to 1,000 USDT worth of ANT stock trading trial funds. Even if you are not ultimately allocated shares, eligible valid subscriptions can still participate in the rewards.
More benefits are available beyond subscribing:
Post-listing trading benefits: ANT is scheduled to begin trading on November 19. Take part in designated trading events for a 100% chance to win.
VIP-exclusive airdrop: Meet the registration, subscription, net deposit, and VIP tier requirements to participate in an ANT stock airdrop worth a total of 100,000 USDT.
Yu'ebao savings benefits: Eligible new users who participate in designated USDT fixed-term products can earn up to 200% APR; subscribers can also view benefits for designated 14-day products.
The subscription period ends November 17 at 18:00 (UTC+8). Trial fund slots at each tier are limited, so review the rules and participate promptly.
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Trial funds, airdrops, and savings benefits are subject to eligibility requirements and limited availability. Please refer to the event page and product rules for details. IPO subscriptions involve allocation, frozen funds, and market volatility risks; product yields do not represent future returns. This content does not constitute investment advice.
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CRYPTO MARKET UPDATES
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LIVE282
#晒出我的持仓收益 Kong Kong Kong lives in the imperial palace$ETH ‌
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ETH-1.23%
#JensenHuangResigns – Could Jensen Huang's Exit Shake the Entire AI Industry?
**What Would Happen If Jensen Huang Resigned as NVIDIA CEO? Could the World's Most Powerful AI Company Face Its Biggest Leadership Challenge?**
The technology industry is built on innovation, leadership, and the ability to anticipate the future. Few executives have influenced the modern technology landscape as much as Jensen Huang, the co-founder and CEO of NVIDIA.
The possibility of Jensen Huang stepping down would raise one major question across Wall Street: Can NVIDIA maintain its extraordinary momentum without t
NVDA-2.04%
AMD-8.93%
BULLISH vs BEARISH ORDER BLOCKS. KNOW THE DIFFERENCE ($BNB LIVE EXAMPLE)
🟢 Bullish OB: Last bearish candle before strong bullish displacement.
🔴 Bearish OB: Last bullish candle before strong bearish displacement.
How I use them:
▶️ Bullish OB = Potential demand zone.
▶️ Bearish OB = Potential supply zone.
I prefer zones that align with HTF structure and create a confirmed BOS or MSS.
Not every OB deserves a trade.
#BNB #Trading #SMC
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Weekend Countdown: Charts or Chill?

As we navigate the aftermath of a volatile week in the markets and keep an eye on macroeconomic catalysts like the US October PPI release, it is time to check our trading mindset. Are you staying locked onto the charts, or taking a well-deserved breather?

Here is my breakdown for this weekend's strategy on Gate Square:

📈 Watching: Assets & Signals on My Radar
Key Assets: Monitoring high-conviction altcoins and major pairs showing strong accumulation zones.

Signals: Waiting for confirmed volume breakouts and key support/resistance retests before
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BTC-0.67%
btc might drop to 58k🤯
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GateLive
🌈 Gate Live Streaming Inspiration - Nov.13
Today's Topic Recommendations:
🔹BTC Falls Below $71,000 to Its Lowest Level Since September! With the $70,000 Mark Under Threat, How Much Further Could Bitcoin Fall?
🔹A Break Below $70,000 Could Trigger $622 Million in Long Liquidations! Can the Bulls Defend Their Last Line of Support?
🔹Is BTC Losing Its Status as a Safe-Haven Asset? Grayscale Finds That Crypto Sectors Are Increasingly Moving Independently of Bitcoin. Is the Altcoin Market Heading for a Major Shift?
🔹South Korean Chip Stocks Rebound Against the Trend! KOSPI Gains Over 2%, While SK Hynix and Samsung Rise More Than 3%. Is AI Capital Starting to Flow Back In?
🔹Nvidia's Valuation Falls to a 14-Year Low as Shares Retreat Over 30% From Their Record High! Is This a Golden Buying Opportunity or a Value Trap?
🔹Buy the Dip or Sell the Rally on Nvidia? Tom Lee Calls for Buying the Dip, While Michael Burry Warns Investors to Get Out. Who Has the Better Call?
🔹The Fed Signals a Long Fight Against Inflation! How Long Will It Take to Bring Inflation Back to 2%, and When Can BTC and U.S. Stocks Catch a Breather?
🔹Fed Makes Major Changes to Its 2027 Meeting Schedule! October's Meeting Will Shift to Monetary Policy Discussions. How Could This Change the Fed's Policy Timeline?
Pick any topic and go live for a chance to be featured on the homepage!
🔥 More livestream topic ideas and tips: https://www.gate.com/help/community-center/live_chat/49345
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BTC-0.67%
SMBC Nikko, part of the banking group reporting $2.06T in assets, is building a Japanese DeFi venue on Uniswap v4 with Nethermind.
Its pools will run compliance checks on swaps, making access rules part of the market.
@Uniswap @haydenzadams
UNI+3.05%
$IDOL I keep calling you “dear, dear,” and yet you’re not dear at all😂😂😂IDOL
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$BTC The 200-week moving average is in danger—is the bull market floor being tested?

Bitcoin has fallen back to its 200-week moving average for the first time in nearly three months, with this key level roughly corresponding to $68,000. The moving average is seen as the price center over the past four years, and multiple bear-market bottoms have historically formed around it. Bulls and bears are now locked in repeated battles around this line, and the market’s concern is no longer just an ordinary pullback, but whether the long-term trend is quietly shifting.
This wave of selling pressure is
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market update
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Guys, just as I predicted, $SHELL is performing perfectly and generating substantial profits... Now move the stop loss to the entry price and first take partial profits to lock in gains...‼️
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$KGEN Can it go further? Maybe. I'm happy with the current gains. Closing the position here. ROI: 241% Capital: 1278 USDT Hot coins: $ETH : Current price 1,942.04 - 24-hour change: -3.73%$SOL : Current price 80.16 - 24-hour change: -1.87%
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KGEN-5.46%
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$AKE Anyway, shorting at this price could easily get stopped out, guys. The volatility is way too scary. Maybe try going long with a small position and see how it goes; shorting is just too terrifying
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AKE+6.07%
J LO SAYS HELLO 👋
How is she 57? Looks like 25.
ITS COMING HOME LADS 🏴󠁧󠁢󠁥󠁮󠁧󠁿
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$AKE I was wrong. Let me win a little back, okay?
AKE+6.07%
$BTC reached the fib retracement zone. In my opinion we will be back above 81K sooner than you’ll ever think.
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