$BTC Analysis 🐂
BTC is hovering around $63,500 after a rough week, and the technicals are starting to get interesting.
RSI is sitting near 35, approaching oversold territory, while MACD remains negative — sellers still technically have the edge. But here's the thing: oversold conditions are exactly where the bulls start paying attention 👀
🟢 Support: $61,000 — this needs to hold
🟡 Resistance: $64,500 → $66,000
🚀 A breakout above $66K flips the whole narrative
The bigger picture? This week's weakness lines up almost perfectly with the SpaceX IPO sucking liquidity out of risk assets. That's a temporary squeeze, not a structural problem. Once that capital rotates back, BTC has room to move fast.
Nothing is broken on the chart. Just noise 🐂
Not financial advice — always DYOR.