#Crypto Market Rebound#

BTC Price Overview

Current Price: ~$63,800

24h Change: -2.1%

7d Change: -5.6%

Market Cap: ~$1.26 Trillion

Volume (24h): ~$35 Billion

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🧭 Technical Analysis

🔹 Support & Resistance Levels

Immediate Support: $62,500

Key Support Zone: $60,000 – $61,000

Immediate Resistance: $65,000

Major Resistance: $67,500 – $68,000

🔸 Moving Averages

50-Day MA: ~$65,400 → BTC trading below, signaling short-term bearishness

200-Day MA: ~$59,800 → BTC trading above, still long-term bullish

📉 RSI (Relative Strength Index):

Current RSI: ~42

RSI below 50 = bearish momentum building

Not oversold yet, but getting closer

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🔍 On-Chain & Market Sentiment

🟢 Bullish Indicators:

ETF Inflows: Still net positive, though slowing

Long-Term Holders (LTH): Increasing their positions → Strong hands buying dips

Exchange Reserves: BTC held on exchanges decreasing → Less sell pressure

🔴 Bearish Indicators:

Funding Rates: Turning negative on perpetual futures

Short-Term Holders: Increasing sell pressure

Open Interest: Dropped sharply → Traders de-risking

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🌐 Macro & News Drivers

US Interest Rates: Fed expected to hold rates steady in September

Global Markets: Mild risk-off sentiment due to Chinese economic slowdown

Regulations: Positive crypto sentiment in Europe, but US remains mixed

Halving Effect: Post-halving rally losing steam — market digesting gains

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📊 Summary & Outlook

BTC is currently in a correction phase after failing to break above $68K. The structure remains bullish long-term, but short-term weakness could persist if $62.5K support fails. The $60K zone is key—a bounce here could trigger the next leg up.

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📌 What to Watch This Week

BTC weekly close above $65K → bullish

Break below $60K → risk of deeper correction

Fed comments or ETF inflow updates

Altcoin market behavior — rotation may signal risk-on return

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Let me know if you'd like:

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