BTC Under Pressure as Sellers Remain in ControlBitcoin / U.S. dollarBITSTAMP:BTCUSDFM-ForexMastermind1. Market Overview A record outflow of $2.97 billion from Spot Bitcoin ETFs over 10 consecutive sessions, combined with the recent surge in oil prices following stalled ceasefire negotiations between the US and Iran, has weighed on Bitcoin and the broader cryptocurrency market. 2. Technical Analysis From a technical perspective, BTC continues to form lower highs, confirming a clear bearish trend. At the same time, price remains within the descending 4H trendline channel, indicating that sellers still maintain control of the market. However, a short-term recovery may occur before the downtrend resumes, as RSI has reached deeply oversold conditions while price approaches the key support zone around 70,650. BTC could retest the resistance area near 72,700 before continuing lower. On the other hand, a decisive breakdown below 70,650 would signal stronger selling pressure and could trigger a deeper decline. Wishing you a successful trading day!