🚨 $BTC AROUND $63.5K — CONSOLIDATION OR THE CALM BEFORE ANOTHER DROP? 👀

BTC is stuck below key moving averages, and the chart isn’t giving bulls much confidence yet.

📉 Technical picture
SAR: $64.44K
EMA21: $64.02K
EMA55: $64.21K

All are sitting above price, keeping pressure on BTC.

⛏️ Miner pressure is getting interesting

Miner fee revenue has fallen to around 0.69% while hashrate keeps pushing higher.

Miners are holding for now, but if margins become too tight, selling pressure could increase.

📊 Momentum isn’t convincing

KDJ remains weak, RSI6 is around 38.8, and volume still looks unimpressive.

🎯 Levels I’m watching:

Resistance: $65K
Support: $62K
Major defense: $60K

My base case: lose $63K → retest $62K → potentially test $60K.

I’d rather scale into a position gradually at lower levels than chase a weak bounce.

The interesting question is whether collapsing miner income is actually a bottom signal — or a warning that more downside is coming.

$60K could be where the real battle begins. 👀

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