Market Analysis – “Reality Check”

Headline: Bitcoin at $70,000: Bear Trap or Structural Breakdown? 📉
Body:
Bitcoin has declined approximately 2.8% over the past 24 hours, while open interest has contracted from $19B to $16B, confirming a meaningful deleveraging phase.
Key levels to monitor:
$68,000: Short-term technical support
$60,000: High-conviction macro support zone
Market structure over the next few sessions will determine whether this move represents a bear trap or continuation to lower liquidity levels.
CTA:
What’s your approach here?
🟢 Scaling in
🔴 Waiting for confirmation
#CryptoMarket #TechnicalAnalysis
$BTC ‌