$BTC setup 👇
After the sharp 1H sell-off, Bitcoin is showing signs of recovery. For now, I’m watching $63,550–$64,000 as the key resistance area.
If price pushes into that zone, I’d consider a light short:
🎯 63,000 → 62,200
On the other side, I’m interested in a long around 63,000, as long as 62,700 holds, with 63,800 as the target.
The short-term averages are starting to turn higher, and 63,000 has become an important support zone. But I’m not chasing this bounce.
CPI/PPI gave the market some breathing room, but geopolitical risk remains the wildcard. Any renewed tension around the Strait of Hormuz could quickly bring volatility back.
9 years in the market taught me one thing: you don’t need to catch every move.
Sometimes the best trade is simply waiting for your level.
$BTC #Trump Media overhauls crypto treasury #Nakamoto Q2 results #AI model evades surveillance