$BTC Quick Take 🐂
BTC sitting at $65,523, basically flat on the day (-0.26%) after a sharp round trip — dropped from the high-$70Ks down to a low near $59,000 in early June, and has been grinding back up since.
RSI at 41 — recovering from oversold but still below the midline, momentum isn't fully confirmed yet. Price is back above its 5 & 10-day MAs (short-term bullish), but still well below the 20/30/60/120-day MAs — the bigger trend technically remains down.
Key levels: 🟢 Support: $61,500 — the recent low zone, must hold 🔴 Resistance: $68,768 — also where SuperTrend sits; the level that flips this from "bounce" to "trend reversal"
With today's Iran-Hormuz peace headlines driving a broad risk-on move across markets, this recovery has real macro tailwind behind it. A clean break above $68.7K would be the strongest signal yet that the bigger downtrend is fading.
Not financial advice, just reading the chart 👀
#USIranDealConfirmed
BTC sitting at $65,523, basically flat on the day (-0.26%) after a sharp round trip — dropped from the high-$70Ks down to a low near $59,000 in early June, and has been grinding back up since.
RSI at 41 — recovering from oversold but still below the midline, momentum isn't fully confirmed yet. Price is back above its 5 & 10-day MAs (short-term bullish), but still well below the 20/30/60/120-day MAs — the bigger trend technically remains down.
Key levels: 🟢 Support: $61,500 — the recent low zone, must hold 🔴 Resistance: $68,768 — also where SuperTrend sits; the level that flips this from "bounce" to "trend reversal"
With today's Iran-Hormuz peace headlines driving a broad risk-on move across markets, this recovery has real macro tailwind behind it. A clean break above $68.7K would be the strongest signal yet that the bigger downtrend is fading.
Not financial advice, just reading the chart 👀
#USIranDealConfirmed