$BTC at a Real Decision Point. Testing the 200MA Right Now
Yesterday's $1.2B options expiry (max pain $64,500) cleared, and $BTC is now sitting directly on its 200MA ($64,289), trading at $64,087.
RSI on the 4H has dropped to 36.43 closer to oversold (30) than neutral, signaling real downside momentum rather than a pause.
A close below $63,700 breaks structure and exposes a liquidation cluster near $63,500, opening room toward $62,000 and the June $58-60K zone. Holding above keeps $67,000-$68,100 in play as the next resistance.
Adding to the pressure: yesterday's jobless claims beat (187K vs 210K expected) would normally ease rate-cut pressure, but oil above $100 on Iran tensions pulls the other way, the macro backdrop is just as undecided as the chart.
Not financial advice, sharing for discussion.
#Write2Earn $BTC #TechnicalAnalysis #MacroWatch
Yesterday's $1.2B options expiry (max pain $64,500) cleared, and $BTC is now sitting directly on its 200MA ($64,289), trading at $64,087.
RSI on the 4H has dropped to 36.43 closer to oversold (30) than neutral, signaling real downside momentum rather than a pause.
A close below $63,700 breaks structure and exposes a liquidation cluster near $63,500, opening room toward $62,000 and the June $58-60K zone. Holding above keeps $67,000-$68,100 in play as the next resistance.
Adding to the pressure: yesterday's jobless claims beat (187K vs 210K expected) would normally ease rate-cut pressure, but oil above $100 on Iran tensions pulls the other way, the macro backdrop is just as undecided as the chart.
Not financial advice, sharing for discussion.
#Write2Earn $BTC #TechnicalAnalysis #MacroWatch