🚀 Bitcoin ($BTC) Update 🚀

Bitcoin ($BTC) continues to show resilience amid market fluctuations. After a brief pullback, BTC is now stabilizing above key support at $66,000, with bulls eyeing a breakout toward $70,000. Market sentiment remains cautiously optimistic as traders await further confirmation from macroeconomic indicators and upcoming Fed commentary.

On-chain metrics show increased activity from long-term holders, suggesting confidence in Bitcoin’s long-term trajectory. Meanwhile, institutional interest remains steady, with consistent inflows into BTC-focused ETFs and funds.

Technically, Bitcoin is consolidating in a tight range, forming a potential bullish pennant on the 4H chart—often a precursor to upward movement. RSI levels are neutral, allowing room for upward momentum if volume supports it.

For investors, this may be a pivotal moment to watch for a breakout or breakdown. Keep an eye on support at $65K and resistance at $70K. As always, manage risk and stay updated in this volatile crypto landscape! 💹🟠