Expecting further downside on BTCUSD in the short term. The break below the 20 SMA is a bearish signal, and with RSI below 50, momentum is shifting. A retest of the 69900 level (S2) is likely, possibly extending towards 69000 if selling pressure increases.
Update: Watching for a potential bounce around 69900. A strong rejection there could signal a temporary bottom. However, a sustained break below that level would confirm the bearish trend and open the door for further declines. Trade cautiously.
