Currently observing a consolidation phase around the $62,500 mark, post the recent volatility. Volume has been moderate, suggesting indecision, but the 4-hour RSI is showing a slight bullish divergence, hinting at potential upward momentum if it confirms.
Key levels to watch are the $63,200 resistance – a break above could trigger a move towards $64,500. Conversely, failure to hold the $62,000 support might lead to a retest of the $61,000 zone. Funding rates are neutral, not indicating excessive long or short bias.
My strategy involves waiting for a clear breakout with strong volume confirmation before committing. Premature entry here carries significant risk. Patience and precise execution are paramount in this environment. Remember, risk management is non-negotiable. Let's see how the next few sessions play out.
