$BTC is sitting near a key decision zone on the 4H chart.
Price is around $62,988 after bouncing from the $62,535 local low. The recovery is still weak with BTC trading below the MA25 and MA99 while the MA7 sits near $63,073.
For bulls the first job is reclaiming $63.2K followed by $63.7K. A stronger move above these levels could open the door toward $64.3K.
On the downside $62.5K remains the level I’m watching closely. Losing it could bring $62.4K and lower support back into focus.
Right now I’m watching confirmation rather than chasing the move.
#BTC #Bitcoin #Binance
Price is around $62,988 after bouncing from the $62,535 local low. The recovery is still weak with BTC trading below the MA25 and MA99 while the MA7 sits near $63,073.
For bulls the first job is reclaiming $63.2K followed by $63.7K. A stronger move above these levels could open the door toward $64.3K.
On the downside $62.5K remains the level I’m watching closely. Losing it could bring $62.4K and lower support back into focus.
Right now I’m watching confirmation rather than chasing the move.
#BTC #Bitcoin #Binance
