$BTC Market Update đ | Bulls vs Bears at a Critical Level
BTC is trading around $64.1K, up about 1.3% in 24H, but the bigger picture is still mixed.
đč RSI 14: 54.5 â neutral/bullish
đč RSI 7: 62.8 â short-term momentum improving
đč MACD: still bearish â momentum needs confirmation
đč BTC Dominance: ~58.8%
đč Crypto OI: ~$400B and rising
đč BTC 24H liquidations: ~$73.8M, mostly shorts
đ„ The interesting part: shorts are being squeezed while leverage is rebuilding.
My BTC read:
đą Bullish: Break and hold above local resistance + strong volume = continuation possible.
đŽ Bearish: Lose key support with rising sell volume = downside acceleration and long liquidations become likely.
â ïž I wouldn't chase BTC here. For futures scalping, wait for the breakout or confirmed support breakdown.
Current Bias: đĄ Neutral â Slightly Bullish
The next BTC move could set the direction for the wider altcoin market.
#bitcoin #crypto #Binance #BTCUSDT #trading
BTC is trading around $64.1K, up about 1.3% in 24H, but the bigger picture is still mixed.
đč RSI 14: 54.5 â neutral/bullish
đč RSI 7: 62.8 â short-term momentum improving
đč MACD: still bearish â momentum needs confirmation
đč BTC Dominance: ~58.8%
đč Crypto OI: ~$400B and rising
đč BTC 24H liquidations: ~$73.8M, mostly shorts
đ„ The interesting part: shorts are being squeezed while leverage is rebuilding.
My BTC read:
đą Bullish: Break and hold above local resistance + strong volume = continuation possible.
đŽ Bearish: Lose key support with rising sell volume = downside acceleration and long liquidations become likely.
â ïž I wouldn't chase BTC here. For futures scalping, wait for the breakout or confirmed support breakdown.
Current Bias: đĄ Neutral â Slightly Bullish
The next BTC move could set the direction for the wider altcoin market.
#bitcoin #crypto #Binance #BTCUSDT #trading