$BTC Bitcoin has formed a local bottom after rebounding sharply from an over one-year low of $59,110 to trade at $66,157. This price action follows a wave of risk-on market sentiment triggered by a 60-day diplomatic ceasefire framework in the Middle East.
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📈 Core Market Catalysts
Geopolitical Relief: The newly brokered US-Iran truce has injected deep liquidity back into global macro assets.Institutional Pivot: Spot Bitcoin ETFs added $85 million on Friday, halting a brutal $2 billion monthly outflow streak.Technical Overbought Risk: While the MACD confirms a bullish crossover, the daily RSI has surged past 70, flashing warning signs of a temporary correction.
🗝️ Key Levels to Watch
Immediate Resistance ($66,500): A decisive daily candle close above this level targets the critical $73,869 Fibonacci threshold.Dynamic Support ($64,500): Bulls must defend this line to protect the integrity of the current upward trendline.
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