$BTC Bitcoin continues to present a compelling institutional setup as heavy 6-day spot ETF inflows ($930M) directly conflict with aggressive Deribit $60K protective put positioning. Price is consolidating above the critical 200-week SMA, highlighting active Smart Money accumulation. A decisive move above the major resistance could trigger a structural momentum shift toward the short-term holder cost basis, while failure to maintain long-term support would weaken the current breakout thesis.
📈 Bias: Breakout | 🎯 Entry: $62,275–$63,634 | 🛡 Support: $62,873 (200-Week SMA) | 🚧 Resistance: $64,012 | 🎯 Targets: $68,500 | ❌ Invalidation: $60,000
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