$BTC Bitcoin is trading above $63,000, maintaining a limited bias as it stays below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) despite improving momentum signals. The Moving Average Convergence Divergence (MACD) histogram remains positive on the daily candlestick chart while the Money Flow Index (MFI) hovers slightly below the neutral 50 line, indicating that a bullish attempt may occur but is still confined by upper trend levels.
BTC/USDT Daily Chart
Initial resistance aligns with the 50-day EMA near $70,062, followed by the 100-day EMA around $72,838 and the more dominant 200-day EMA close to $78,241, which together form a wide supply zone that needs to be reclaimed to alleviate broader bearish pressure. On the downside, key support first appears at the Parabolic SAR level around $62,149, where a break could trigger a deeper corrective phase towards uncharted levels in this dataset.#FedHawkishDotPlotFlattensYieldCurve #YenSlidesToFourDecadeLow $CELO $QUICK
BTC/USDT Daily Chart
Initial resistance aligns with the 50-day EMA near $70,062, followed by the 100-day EMA around $72,838 and the more dominant 200-day EMA close to $78,241, which together form a wide supply zone that needs to be reclaimed to alleviate broader bearish pressure. On the downside, key support first appears at the Parabolic SAR level around $62,149, where a break could trigger a deeper corrective phase towards uncharted levels in this dataset.#FedHawkishDotPlotFlattensYieldCurve #YenSlidesToFourDecadeLow $CELO $QUICK