$BTC has been consolidating between $59,800 and $61,200 for the past 5 days.
This tight range often signals that a big move is on the way.
Key points I’m watching:
• Support: $59,500 — if this breaks, we could see $58K quickly.
• Resistance: $61,500 — a strong breakout above this may push $BTC towards $63K.
• Volume: Trading volume is slightly down, suggesting traders are waiting for a catalyst.
Possible triggers this week:
• US inflation data release
• ETF inflows/outflows updates
• $BTC miners’ selling activity after difficulty adjustment
📊 My short-term bias: Neutral to slightly bullish if $60K holds.
💬 What’s your take — breakout above $61,500 or drop below $59,500 first?
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