Market’s in a weird spot today. Bitcoin sitting at $63,788, barely moving (+0.66%), but the structure underneath isn’t great. RSI at 41.57 — close to oversold but not quite there yet. MACD still bearish with a deep negative histogram. Price is below both the 20 and 50-day EMAs, so the short-term trend is weak. Fear & Greed at 29 — that’s pure fear. Retail is scared, which usually means the patient ones start looking for entries. Volume is a bit below average (0.87x), but OBV is ticking up, so there’s some quiet accumulation happening. Key support is $63,711 — very strong level. If we lose that, $62,742 is the next test. Resistance at $64,511. Gold holding steady at $4,027 ahead of the Fed decision. Dollar index is quiet too. The Aussie dipped after softer CPI data — market is pricing in RBA staying on hold. China kept its reverse repo rate at 1.25%. No major surprises there. On the crypto news side: Coinbase wants to be Canada’s “everything exchange” but wants clearer rules. Another neutral piece says any dovish Fed comment could be good for Bitcoin. Ondo dropped its tokenized asset blockchain plans for a private high-speed network — that’s a bit bearish for the narrative. Overall, I’m not jumping in yet. Waiting to see if Bitcoin holds above $62,700 and how the Fed plays out. If we get a clean bounce off support, might start scaling in.

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⚠️ Personal analysis, not financial advice.

#Trading #Binance #Bitcoin #Crypto #Gold

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Disclaimer: My personal analysis, not financial advice. DYOR.