Bitcoin holding around $59,800, still stuck in that range between $59,200 and $60,500. RSI at 42, not quite oversold but getting there. MACD is showing some life with a bullish crossover, which is interesting given the price action. But the EMA structure is still bearish, so not getting too excited yet. Volume is weak, only 0.27x average, and OBV is trending down. That tells me the selling pressure isn't aggressive, but buyers aren't stepping in either. We're at a pretty strong support zone around $59,600, so that's the line in the sand. Fear & Greed at 18, extreme fear. That's usually a contrarian signal, but it can also mean more downside if something breaks. S&P 500 had a rough week, down 4.6% on the Nasdaq. Tech names like Apple and Microsoft got hit. Jobs data this week is going to be the big one for markets. Everyone's looking for clues on the Fed rate path. Gold at $4,075, holding up well. That's the safe haven trade in action. News wise, BIS came out saying stablecoins don't measure up as money, warning about emerging market risks. Also seeing some noise about CZ wanting to make the US the crypto capital, and Michael Saylor teasing more buying. But the market doesn't seem to care about that right now. My view: This feels like a waiting game. BTC is at a critical support level, sentiment is washed out, but there's no catalyst to push it higher.

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⚠️ Personal analysis, not financial advice.

#Trading #Binance #Bitcoin #Ethereum #Crypto

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Disclaimer: My personal analysis, not financial advice. DYOR.