$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?