📊 BTC $62,800 🔴-1.2% | ETH $1,876 🔴-0.4% | SOL $76 🔴-0.4% | BNB $605 🔴-0.8% | BTC Dom 21.9% | Fear&Greed 29 Fear
BTC is looking quite weak right now. It’s at $62,800, down 1.2% on the day. RSI is at 32, which is in the oversold zone, but honestly the momentum is still down. MACD is bearish and the EMA structure is also pointing downwards. Fear & Greed is at 29, people are scared. Look, the interesting part is that S&P 500 is at record highs ($7,798) and gold is also strong ($4,373). So equities and gold are risk-on, but crypto isn’t. This divergence is quite notable. Bitcoin’s volume is also weak—0.05x average, meaning there’s no conviction. Support is at $62,700, resistance is at $63,150, which is "very strong." There are some noteworthy things in the news—Tether finally got the KPMG audit, which is a big deal. Israel’s Bank Leumi started digital asset trading with Galaxy. Morgan Stanley’s Bitcoin ETF brought in $371M in share contributions. All of this is positive development, but price action isn’t reflecting it. My view: in the short term, it’s better to wait. If we get a daily close below $62,700, there could be more downside. But we also can’t ignore the oversold RSI. Aggressive traders might try a bounce from support, but with weak volume, that’s risky. What do you all think—will it bounce at this support or go lower? Drop your thoughts. Not financial advice, DYOR.
👀 Poll time — BTC is at support around $62.7K, with resistance at $65.5K. What do you think—which side will break?
🟢 Break $65.5K upward, or 🔴 break down to $62.7K? Comment below—whoever has the most votes, the trend update will be shared tomorrow! 👇
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Ethereum #Crypto
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Disclaimer: My personal analysis, not financial advice. DYOR.
BTC is looking quite weak right now. It’s at $62,800, down 1.2% on the day. RSI is at 32, which is in the oversold zone, but honestly the momentum is still down. MACD is bearish and the EMA structure is also pointing downwards. Fear & Greed is at 29, people are scared. Look, the interesting part is that S&P 500 is at record highs ($7,798) and gold is also strong ($4,373). So equities and gold are risk-on, but crypto isn’t. This divergence is quite notable. Bitcoin’s volume is also weak—0.05x average, meaning there’s no conviction. Support is at $62,700, resistance is at $63,150, which is "very strong." There are some noteworthy things in the news—Tether finally got the KPMG audit, which is a big deal. Israel’s Bank Leumi started digital asset trading with Galaxy. Morgan Stanley’s Bitcoin ETF brought in $371M in share contributions. All of this is positive development, but price action isn’t reflecting it. My view: in the short term, it’s better to wait. If we get a daily close below $62,700, there could be more downside. But we also can’t ignore the oversold RSI. Aggressive traders might try a bounce from support, but with weak volume, that’s risky. What do you all think—will it bounce at this support or go lower? Drop your thoughts. Not financial advice, DYOR.
👀 Poll time — BTC is at support around $62.7K, with resistance at $65.5K. What do you think—which side will break?
🟢 Break $65.5K upward, or 🔴 break down to $62.7K? Comment below—whoever has the most votes, the trend update will be shared tomorrow! 👇
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Ethereum #Crypto
--
Disclaimer: My personal analysis, not financial advice. DYOR.