📉 Bitcoin deepens its decline this Saturday night: down −6.3% in 24 hours to $64,023.62 ($2,181.2M in volume) after breaking below $66,427 and setting a new 20-candle, 4-hour low at $63,271.0.
📊 Context (Binance):
• On the 4-hour timeframe, the trend is strongly bearish (−6.1% in 6 candles), relative volume rises to 2.36x its average, and RSI falls to an extreme 16.0
• On the daily timeframe, RSI drops to 19.6 (down −14.3% over 6 days), far below the daily EMA 200 ($74,627), with relative volume at 1.94x
• In futures, open interest stands at 97,951 BTC (−0.45%), funding remains slightly positive (+0.0056%), and the Fear and Greed Index sinks to 10 (Extreme Fear)
📏 Key levels:
• Immediate support: $63,271.0 (20-candle low on the 4-hour and daily charts)
• First resistance to reclaim: $66,427 (morning's former support)
• 4-hour resistances: $68,933 (EMA 20) and $72,024 (EMA 50)
• Daily ATR: $2,645 (4.12%)
🟢 Bullish scenario: if it holds the $63,271.0 low after the volume spike (2.36x on the 4-hour chart), extreme oversold conditions (RSI 16.0 on the 4-hour chart and 19.6 on the daily chart) could leave room for a technical rebound toward $66,427 and the 4-hour EMA 20 ($68,933).
🔴 Bearish scenario: if it closes below $63,271.0, that would open the way for a direct test of the psychological $62,000–$60,000 zone.
👀 What to watch: whether selling is absorbed above $63,271.0, with the Fear and Greed Index at 10 and the 4-hour RSI at 16.0.
Will $BTC hold the $63,271 floor tonight, or will it test $60,000? 👇
#BTC #Bitcoin #AnalisisTecnico #Cripto #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
📊 Context (Binance):
• On the 4-hour timeframe, the trend is strongly bearish (−6.1% in 6 candles), relative volume rises to 2.36x its average, and RSI falls to an extreme 16.0
• On the daily timeframe, RSI drops to 19.6 (down −14.3% over 6 days), far below the daily EMA 200 ($74,627), with relative volume at 1.94x
• In futures, open interest stands at 97,951 BTC (−0.45%), funding remains slightly positive (+0.0056%), and the Fear and Greed Index sinks to 10 (Extreme Fear)
📏 Key levels:
• Immediate support: $63,271.0 (20-candle low on the 4-hour and daily charts)
• First resistance to reclaim: $66,427 (morning's former support)
• 4-hour resistances: $68,933 (EMA 20) and $72,024 (EMA 50)
• Daily ATR: $2,645 (4.12%)
🟢 Bullish scenario: if it holds the $63,271.0 low after the volume spike (2.36x on the 4-hour chart), extreme oversold conditions (RSI 16.0 on the 4-hour chart and 19.6 on the daily chart) could leave room for a technical rebound toward $66,427 and the 4-hour EMA 20 ($68,933).
🔴 Bearish scenario: if it closes below $63,271.0, that would open the way for a direct test of the psychological $62,000–$60,000 zone.
👀 What to watch: whether selling is absorbed above $63,271.0, with the Fear and Greed Index at 10 and the 4-hour RSI at 16.0.
Will $BTC hold the $63,271 floor tonight, or will it test $60,000? 👇
#BTC #Bitcoin #AnalisisTecnico #Cripto #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
