đš $BTC AROUND $63.5K â CONSOLIDATION OR THE CALM BEFORE ANOTHER DROP? đ
BTC is stuck below key moving averages, and the chart isnât giving bulls much confidence yet.
đ Technical picture
SAR: $64.44K
EMA21: $64.02K
EMA55: $64.21K
All are sitting above price, keeping pressure on BTC.
âïž Miner pressure is getting interesting
Miner fee revenue has fallen to around 0.69% while hashrate keeps pushing higher.
Miners are holding for now, but if margins become too tight, selling pressure could increase.
đ Momentum isnât convincing
KDJ remains weak, RSI6 is around 38.8, and volume still looks unimpressive.
đŻ Levels Iâm watching:
Resistance: $65K
Support: $62K
Major defense: $60K
My base case: lose $63K â retest $62K â potentially test $60K.
Iâd rather scale into a position gradually at lower levels than chase a weak bounce.
The interesting question is whether collapsing miner income is actually a bottom signal â or a warning that more downside is coming.
$60K could be where the real battle begins. đ
#CPIEasesHikeBets #AIInfraEarningsWatch
#DailyOrbit
BTC is stuck below key moving averages, and the chart isnât giving bulls much confidence yet.
đ Technical picture
SAR: $64.44K
EMA21: $64.02K
EMA55: $64.21K
All are sitting above price, keeping pressure on BTC.
âïž Miner pressure is getting interesting
Miner fee revenue has fallen to around 0.69% while hashrate keeps pushing higher.
Miners are holding for now, but if margins become too tight, selling pressure could increase.
đ Momentum isnât convincing
KDJ remains weak, RSI6 is around 38.8, and volume still looks unimpressive.
đŻ Levels Iâm watching:
Resistance: $65K
Support: $62K
Major defense: $60K
My base case: lose $63K â retest $62K â potentially test $60K.
Iâd rather scale into a position gradually at lower levels than chase a weak bounce.
The interesting question is whether collapsing miner income is actually a bottom signal â or a warning that more downside is coming.
$60K could be where the real battle begins. đ
#CPIEasesHikeBets #AIInfraEarningsWatch
#DailyOrbit