Bitcoin Holds Strong While Tech Stocks Sell Off: Is $70K Next?

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Bitcoin Holds Strong While Tech Stocks Sell Off: Is $70K Next?Bitcoin / U.S. dollarBITSTAMP:BTCUSDProfessorSingapore📈 Bitcoin Holds Strong While Tech Stocks Sell Off: Is $70K Next? 🎯 Trade setup: Direction: Long Entry: $66,400–$66,600 after breakout and hold above resistance 🛑 Stop Loss: $64,800 🎯 Take Profit 1: $67,500 🎯 Take Profit 2: $68,000 Bitcoin is showing relative strength while traditional risk assets remain under pressure. Nasdaq-100 slipped below 28,800 for the first time in five weeks, but BTC managed to hold above $65,000 and even showed weekend strength. The gap between crypto and equities is becoming more visible. 📊 However, confidence in a direct move toward $70,000 is still not fully confirmed. Funding rates remain neutral, while options data shows traders are still paying a premium for downside protection. This means large players are hedging risk rather than aggressively chasing upside. 📉 The macro backdrop remains tense. Treasury yields are elevated, gold has been trending lower since May, and weakness in major tech names continues to pressure risk sentiment. Concerns around U.S. debt and geopolitics are also keeping investors cautious. 📊 For now, Bitcoin is in a transition zone. The market has moved away from capitulation, but a stronger bullish confirmation is still needed. The key level to watch is $66,700. A clean breakout and hold above this area could open the way toward $70,000. If momentum fades, BTC may return to consolidation or retest support near $65,000–$64,000. ⚠️ Not financial advice.