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奋斗1688
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BTC is now 64,236, stuck at the Bollinger mid-band position, holding on! The ETF is still being sold continuously, with net outflows of $389 million. The bears’ target is directly aimed at 62,000!
The ETF has been hitting the sell button all along. You think this is the bottom, but it might just be a midpoint in the downtrend!
BTC’s current price is 64,077. On the 1-hour timeframe, it’s just clinging to the Bollinger mid-band at 64,078. The MACD has already formed a dead cross and is turning downward, RSI is at 45, and the overall trend is weak. This is not “bottoming” — it’s more like a weak, sideways grind.
In terms of news, pay close attention to: last week’s U.S. spot Bitcoin ETFs saw net outflows of $389 million, as institutions quietly pull back. Analysts have warned that if the daily candle closes below 62,300, it will most likely test the year’s low at 57,800 next!
The range from 62,000 to 66,500 looks like a back-and-forth consolidation, but in reality it’s the zone where institutions are distributing/disposing of holdings.
Also, be cautious with the “big whales”: on-chain, large transfers are decreasing and market activity is dull. This kind of calm is often a signal before a big drop.
My view: most of the current bounces are basically bull-trap moves. The 64,000–64,500 area has become a strong resistance zone. Below that, 62,300 is the final critical line of defense for the bulls.
Strategy reference: if price rebounds into 64,000–64,500, you can place short orders in batches, first targeting 62,300 and 62,000. For those who want to go long, you must wait until the 62,300 level clearly shows signs of bottoming and stabilization before trying a long position with a small size, with a target around 64,500.
The ETF has been hitting the sell button all along. You think this is the bottom, but it might just be a midpoint in the downtrend!
BTC’s current price is 64,077. On the 1-hour timeframe, it’s just clinging to the Bollinger mid-band at 64,078. The MACD has already formed a dead cross and is turning downward, RSI is at 45, and the overall trend is weak. This is not “bottoming” — it’s more like a weak, sideways grind.
In terms of news, pay close attention to: last week’s U.S. spot Bitcoin ETFs saw net outflows of $389 million, as institutions quietly pull back. Analysts have warned that if the daily candle closes below 62,300, it will most likely test the year’s low at 57,800 next!
The range from 62,000 to 66,500 looks like a back-and-forth consolidation, but in reality it’s the zone where institutions are distributing/disposing of holdings.
Also, be cautious with the “big whales”: on-chain, large transfers are decreasing and market activity is dull. This kind of calm is often a signal before a big drop.
My view: most of the current bounces are basically bull-trap moves. The 64,000–64,500 area has become a strong resistance zone. Below that, 62,300 is the final critical line of defense for the bulls.
Strategy reference: if price rebounds into 64,000–64,500, you can place short orders in batches, first targeting 62,300 and 62,000. For those who want to go long, you must wait until the 62,300 level clearly shows signs of bottoming and stabilization before trying a long position with a small size, with a target around 64,500.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.