$BTC BTC/USDT
Market Structure: Short-term Downtrend / Correction.
Current Price: ~$63,092
Key Levels:
Resistance: $64,642 (Supertrend level) & $65,490 (Recent High).
Support: $62,300 (Recent Low).
Analysis: BTC surged to $65,490 before pulling back sharply into a red Supertrend zone. RSI6 is around 29.13, indicating an oversold condition on the 4H chart.
Next Steps:
Watch if $62,300 holds as support.
Wait for RSI recovery or a bullish candle close above $63,500 before entering long positions.
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Market Structure: Short-term Downtrend / Correction.
Current Price: ~$63,092
Key Levels:
Resistance: $64,642 (Supertrend level) & $65,490 (Recent High).
Support: $62,300 (Recent Low).
Analysis: BTC surged to $65,490 before pulling back sharply into a red Supertrend zone. RSI6 is around 29.13, indicating an oversold condition on the 4H chart.
Next Steps:
Watch if $62,300 holds as support.
Wait for RSI recovery or a bullish candle close above $63,500 before entering long positions.
#USJulyCPI&PPIDueThisWeek #USJulyCPI&PPIDueThisWeek #SpaceXShortInterestFallsTo11% #SheinSaidToLaunchHKIPOSubscriptionAroundAug20 #SpaceXRisesNearly12%Intraday $SOL $RE