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- ๐ ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATHโthink it breaks through?
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Dare to trade. Dare to win.ย
#Crypto Market Rebound#
BTC Price Overview
Current Price: ~$63,800
24h Change: -2.1%
7d Change: -5.6%
Market Cap: ~$1.26 Trillion
Volume (24h): ~$35 Billion
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๐งญ Technical Analysis
๐น Support & Resistance Levels
Immediate Support: $62,500
Key Support Zone: $60,000 โ $61,000
Immediate Resistance: $65,000
Major Resistance: $67,500 โ $68,000
๐ธ Moving Averages
50-Day MA: ~$65,400 โ BTC trading below, signaling short-term bearishness
200-Day MA: ~$59,800 โ BTC trading above, still long-term bullish
๐ RSI (Relative Strength Index):
Current RSI: ~42
RSI below 50 = bearish momentum building
Not oversold yet, but getting closer
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๐ On-Chain & Market Sentiment
๐ข Bullish Indicators:
ETF Inflows: Still net positive, though slowing
Long-Term Holders (LTH): Increasing their positions โ Strong hands buying dips
Exchange Reserves: BTC held on exchanges decreasing โ Less sell pressure
๐ด Bearish Indicators:
Funding Rates: Turning negative on perpetual futures
Short-Term Holders: Increasing sell pressure
Open Interest: Dropped sharply โ Traders de-risking
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๐ Macro & News Drivers
US Interest Rates: Fed expected to hold rates steady in September
Global Markets: Mild risk-off sentiment due to Chinese economic slowdown
Regulations: Positive crypto sentiment in Europe, but US remains mixed
Halving Effect: Post-halving rally losing steam โ market digesting gains
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๐ Summary & Outlook
BTC is currently in a correction phase after failing to break above $68K. The structure remains bullish long-term, but short-term weakness could persist if $62.5K support fails. The $60K zone is keyโa bounce here could trigger the next leg up.
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๐ What to Watch This Week
BTC weekly close above $65K โ bullish
Break below $60K โ risk of deeper correction
Fed comments or ETF inflow updates
Altcoin market behavior โ rotation may signal risk-on return
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Let me know if you'd like:
A chart-based TA (upload your chart or ask for one)
Altcoin analysis (ETH, SOL, etc.)
Strategy ideas (swing trading, DCA, etc.)