Bitcoin remains above $63,000, a critical floor established over recent weeks. Failure to hold this level could accelerate the downside move to lower support zones.
Near-term resistance sits in the $64,500–$65,000 range. A close above this zone would need to precede any recovery that targets higher levels.
Traders are pricing in a 60% chance the Fed holds rates steady in September, up from 45% a week ago. Middle East uncertainty and energy prices continue to weigh on risk appetite.
Monitor for capitulation volume, a reclaim of the $65K zone on a weekly close, and any macro data that shifts Fed rate expectations. Spot Bitcoin ETF flows are key.
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