$BTC

BTC Technical Breakdown: Is a Major Move Brewing?

Bitcoin ($BTC) is consolidating after recent volatility, and the chart is flashing key signals every trader should watch:

Support & Resistance Zones:

Support: $61,200 – This level has held multiple times and is backed by volume.

Resistance: $64,500 – Strong rejection zone, aligning with the 200 EMA on the 4H.

Indicators to Watch:

RSI (4H): Hovering around 47 — neutral, but ready to flip bullish on a breakout.

EMA Crossover: 21 EMA nearing a bullish cross above 50 EMA — a move that historically precedes upward momentum.

MACD: Histogram is flattening — a possible shift in momentum is near.

My Take: If BTC reclaims $64.5K with volume, I’m eyeing a quick long scalp toward $66.2K.

But a break below $61.2K could trigger a flush toward $59K. Stay sharp.

Plan Your Trades, Stick to Risk Management.