#GateLaunchesUnitreePreMarketFutures $BTC ‌#GateRanksTop6GlobalCEX

- Coinbase Bitcoin Premium Index continues its historic losing streak amid declining risk appetite: The Coinbase Bitcoin Premium Index recorded a continuous decline for the 78th consecutive day on Tuesday, its longest decline on record. This decline comes amid the ongoing downtrend, which has seen the price of Bitcoin (BTC) fall by nearly 50% from its all-time high to around $64,000. Coinbase Bitcoin Premium Index continues its downward streak According to CoinGlass, the Coinbase Bitcoin Premium Index remained in negative territory for 78 consecutive days, its longest downtrend ever recorded, with the latest reading at -0.1145%. This index tracks the price difference for Bitcoin between Coinbase and other major trading platforms, and serves as a key gauge of U.S. market appetite. Prolonged negative values indicate that Bitcoin is still trading at a discount on Coinbase, suggesting weak demand from U.S. investors or increased selling activity. Coinbase Bitcoin Premium Index | Source: CoinGlass The overall cryptocurrency market sentiment aligns with the prevailing downtrend, as reflected by the Fear and Greed Index. Bitcoin is currently in the extreme fear zone at 25 points on Tuesday, after being in the fear zone at 28 points the previous day, which may indicate continued declining appetite for high-risk assets. However, Bitcoin's downside appears protected within the $60,000 to $62,000 range, encouraging investors to remain patient while awaiting a potential price breakout above its July high near $67,000. Crypto Fear and Greed Index | Source: Alternative “Over the weeks, cryptocurrencies have remained notably resilient despite broader market noise, with Bitcoin finding strong support around $63,000,” analysts at Crypto Finance noted. Technical analysis: Bitcoin tests its recovery potential Bitcoin is trading around $64,015, maintaining a short-term bearish bias as the price remains below the 50-day, 100-day, and 200-day exponential moving averages (EMAs) at $64,662, $67,142, and $72,712, respectively. The pair also remains below the descending resistance trendline breakout point at $64,690, indicating that gains remain limited, while the Moving Average Convergence Divergence (MACD) remains negative and below zero on the daily chart, signaling continued bearish pressure despite the neutral Relative Strength Index (RSI) reading near 50. Daily BTC/USDT chart Initial resistance lies at the 50-day exponential moving average near $64,662, followed immediately by the descending trendline breakout point at $64,689, which together form a nearby supply zone that buyers must reclaim to ease the bearish trend. Above that, the 100-day exponential moving average at $67,142 and the 200-day exponential moving average near $72,713 stand out as successive resistance barriers, and only a sustained move above these long-term averages would signal a more durable shift away from the current downtrend. $BTC ‌

$BTC The daily candle closed higher, with a wick down to 62500, which also means it has established a firm footing and is about to begin another round of gains. The four-hour chart has risen too quickly, so a normal pullback is expected. Therefore, don’t chase shorts; just wait to go long at lower levels. If you find that it can’t fall any further, enter a long position directly. You can hold the position, with the next resistance level at 64500. The one-hour chart also indicates a pullback, so it should move slightly lower first. Then you can go long at the lower band of the one-hour range, around 63700, with a stop-loss at 63500 and an upside target of 64400. However, it will most likely not fall that deeply. It should continue rising after falling halfway, to around 63800.