Bitcoin Slips Below $67,000 — Short-Term Correction Warning
BTC is down 1.2% over the last 24 hours as outflows from US spot Bitcoin ETFs accelerate.
Selling Pressure Returns
Bitcoin slipped to $66,890 this morning after losing the psychological $67,000 support. The drop coincided with $142 million in outflows from US spot Bitcoin ETFs in the previous session.
Negative Drivers
- Profit-taking after the run from $60,000 to nearly $72,000
- Risk-off positioning ahead of the FOMC
- On-chain volume down 18% week-on-week
- Perpetual futures funding rate flipping negative — bears are in control short term
Key Price Zones
On the daily chart, important levels:
- Support 1: $66,000 (4H 200-MA)
- Support 2: $64,500 (April accumulation zone)
- Strong support: $60,000 (psychological)
- Near-term resistance: $68,500
Scenarios
Neutral → bearish: A daily close below $66,000 likely opens a retest of $64,500 within a few sessions. That zone aligns with a major demand cluster from the pre-halving phase.
Recovery: Reclaiming $68,500 would invalidate the bearish setup and clear the path back to $70,500.
Risk Notes
Traders should be cautious with leverage right now — Bitcoin volatility tends to spike around macro events. Exness offers BTC/USD with flexible leverage and decent liquidity for moderate sizing.
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Views expressed are the author's own and do not constitute investment advice.
