$BTC hasn’t held firmly above 63K yet, and in the short term it still looks choppy/sideways.
Over the past period, $BTC has been repeatedly tugging within the $62,600–63,300 range, and there has consistently been a lack of sustained buy support above 63K.
Macro data has improved somewhat, but funds have not clearly chased higher, and the market feels more like it’s waiting for the next catalyst.
This week, focus on the FOMC meeting minutes; after that there’s also Jackson Hole. If rate expectations change, BTC volatility could quickly expand.
📈 Resistance: $63,300 → $63,600 → $64,000
📉 Support: $62,600 → $62,500 → $62,000
My logic is simple:
Hold above $63,300, then look for longs;
If it breaks below $62,600 and the rebound can’t reclaim, then stay on the weaker side.
This isn’t the time to guess direction—waiting for a confirmed breakout matters more than constantly placing bets inside the range.
NFA—just my personal observation.
$BTC #Bitcoin #Crypto
Over the past period, $BTC has been repeatedly tugging within the $62,600–63,300 range, and there has consistently been a lack of sustained buy support above 63K.
Macro data has improved somewhat, but funds have not clearly chased higher, and the market feels more like it’s waiting for the next catalyst.
This week, focus on the FOMC meeting minutes; after that there’s also Jackson Hole. If rate expectations change, BTC volatility could quickly expand.
📈 Resistance: $63,300 → $63,600 → $64,000
📉 Support: $62,600 → $62,500 → $62,000
My logic is simple:
Hold above $63,300, then look for longs;
If it breaks below $62,600 and the rebound can’t reclaim, then stay on the weaker side.
This isn’t the time to guess direction—waiting for a confirmed breakout matters more than constantly placing bets inside the range.
NFA—just my personal observation.
$BTC #Bitcoin #Crypto