#Bitcoin Update | Smart Money Moves First
๐ Price Snapshot: BTC is hovering near the $66,000 level โ struggling to reclaim $68K resistance after last weekโs sell pressure.
๐ง Market Insight:
Despite retail hesitation, whale wallets (>1,000 BTC) are accumulating again. This typically signals confidence ahead of larger moves.
Watch zone: Strong support near $62,500โ$63,000 โ a bounce here could confirm bullish continuation.
๐ Technical Outlook (Daily Chart):
RSI: Neutral, hovering around 52
MACD: Bearish crossover fading โ look for a flip
50-day MA: BTC needs to reclaim it (~$66,800) to confirm short-term strength
๐ฃ Sentiment Check:
Funding rates are cooling off โ good news for spot buyers. Fear & Greed Index is in neutral, giving room for momentum to build.
Bottom Line:
Buy the dip cautiously. Accumulate near $62.5K with a tight invalidation below $60K. Upside target: $72K if $68K breaks with volume.
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