$BTC /USDT TECHNICAL ANALYSIS – WHALES POSITION QUIETLY AS PRICE CONSOLIDATES NEAR SUPPORT

Bitcoin’s price action remains muted amid the broader market pullback, yet whale activity tells a more calculated story. Despite red candles on the chart, BTC is showing resilience above key support zones.

Currently, BTC is consolidating near the $64,000–$65,000 region, where multiple support levels and moving averages converge. The RSI has cooled off from overbought territory, suggesting reduced selling pressure. Meanwhile, volume remains low, indicating that sellers are losing momentum while larger holders quietly reposition.

On-chain movements show institutional accumulation behavior, with miners and funds moving BTC into custody and private wallets—typically a precursor to a supply squeeze once market sentiment shifts bullish.

If BTC maintains support above $63,500, a retest of $67,000–$68,000 remains possible in the short term. However, a daily close below $63,000 could expose the market to further downside toward $61,500.

Market Outlook: Neutral-to-bullish. The current consolidation phase appears more like strategic accumulation than capitulation. Patience could pay off as the next leg forms quietly under whale control.

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