Bitcoin lost Saturday's low at 63,280 heading into the Sunday open and is sitting around 62,600 after a week-long slide from the 75k area. What matters next is whether 63,280 gets reclaimed or the 61,947 low gives way into the June demand zone.
Market structure
Daily trend is down: price is well below the 50-day (~79,700) and 200-day (~72,900) averages.
1H keeps printing lower highs and lower lows; the last confirmed lower high is 66,134.
Saturday's low broke tonight, and this weekend session hasn't been as thin as usual.
Key levels
Resistance: 63,280 (prior day low), 64,114 (prior day close), 64,538-64,953 FVG, 65,747 (weekend POC), 66,134-66,905 FVG, 68,370 (prior day high)
Support: 61,947 (weekend low), 61,453-60,679 (June demand), 60,000, 59,018-57,735 (June-July base)
Bull case
1H reclaim of 63,280, then a break above 64,538
Targets: 64,953, 65,747, 66,134-66,905
Invalidated by a 1H close below 61,947
Bear case
Rejection at 63,280-64,114, then loss of 61,947
Targets: 61,453-60,679, 60,000, 59,018
Invalidated by a 1H close above 64,953
This is my read of the chart, not financial advice.
