$BTC Bitcoin today is still in a consolidation phase after falling from the $72,000 area. BTC is currently moving around $66,000–67,800 and has not yet been able to break the key resistance above $68,500.

Short-term technical analysis:
Nearest support: $65,700–66,000
Stronger support: $63,900–65,000
Nearest resistance: $68,500
Strong resistance: $69,200–70,000
Most likely scenario today:
If BTC manages to break and stay above $68,500, there is strong potential for a move toward $69,200–70,000.
However, if it fails to break $68,500, the chances of dropping back to $65,700 or even $63,900 remain higher.
Market sentiment is still relatively weak due to Bitcoin ETF outflows, and the crypto fear index is still in the “extreme fear” zone. Although there is a chance of a short squeeze upward because many short positions are stacked above the current price, such a rise may only be temporary.
Conclusion for today: the bias remains slightly bearish as long as BTC stays below $68,500. If it remains under that level, the more likely direction is downward or sideways.