Slaam! $NVDAB BTC is currently around $64.4K, after recovering from an intraday low near $62.67K. The important point is that buyers are defending the $62K–$63K area, but BTC is still facing resistance around $64K–$65K. �
tradingkey.com +1
My short-term technical view:
🟢 Bullish trigger: Daily close above $65K → could open the way toward $66.5K–$70K.
🟡 Current zone: $63K–$65K → consolidation/choppy market.
🔴 Important support: $62K–$62.5K.
⚠️ Bearish trigger: Strong break below $62K → downside risk increases toward the $60K area.
📉 Momentum is still mixed; one current analysis notes a MACD sell signal while RSI remains relatively neutral. �
tradingkey.com
🐂 What I'm watching
The biggest problem for bulls right now is ETF outflows. Bitcoin ETFs reportedly saw roughly $390M of outflows last week, while BTC has struggled to hold above $64K–$65K. �
BeInCrypto +1
So, for US COINS, I'd describe the setup as:
BTC = Neutral/Bearish short-term, but not broken yet.
If BTC can reclaim $65K with strong volume, the picture improves significantly. If it loses $62K, I'd become much more cautious.
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #SECCancelsCryptoRulemakingMeeting
tradingkey.com +1
My short-term technical view:
🟢 Bullish trigger: Daily close above $65K → could open the way toward $66.5K–$70K.
🟡 Current zone: $63K–$65K → consolidation/choppy market.
🔴 Important support: $62K–$62.5K.
⚠️ Bearish trigger: Strong break below $62K → downside risk increases toward the $60K area.
📉 Momentum is still mixed; one current analysis notes a MACD sell signal while RSI remains relatively neutral. �
tradingkey.com
🐂 What I'm watching
The biggest problem for bulls right now is ETF outflows. Bitcoin ETFs reportedly saw roughly $390M of outflows last week, while BTC has struggled to hold above $64K–$65K. �
BeInCrypto +1
So, for US COINS, I'd describe the setup as:
BTC = Neutral/Bearish short-term, but not broken yet.
If BTC can reclaim $65K with strong volume, the picture improves significantly. If it loses $62K, I'd become much more cautious.
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #SECCancelsCryptoRulemakingMeeting