$BTC price: around $62,970.
🔴 Short-term trend: Bearish — technical indicators currently show strong sell pressure. �
Investing.com
Support: ~$62,500, then ~$60,000.
Resistance: ~$65,000–$65,500; above that, ~$67,000–$70,000 becomes important. �
Phemex
Bullish confirmation: BTC needs to reclaim and hold above $65K–$67K.
Bearish confirmation: A clear break below $62.5K could open the way toward $60K.
My view: 🔴 Bearish/neutral until BTC breaks back above $65K. Current market conditions also show weaker ETF demand and regulatory uncertainty. �
The Economic Times
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