$BTC

Bitcoin plunged 13.58% in seven days, kissed $60,433, and clawed back to $61,995. The 15-minute chart is painting a short-term recovery. The daily chart still looks like a battlefield. This bounce is either the start of a relief rally or the setup for the next leg down.

🔹 Daily RSI Dives to 21.36 — Rare Oversold Territory
The Relative Strength Index on the daily timeframe has collapsed to 21.36. That is the kind of reading that historically appears near local bottoms. The last time RSI touched this zone, a sharp 18% snapback followed within ten days. Oversold does not guarantee reversal, but it does put sellers on notice.

🔹 Moving Averages Split the Picture
On the 15-minute chart, price has reclaimed the 7, 30, and 200-period moving averages — a short-term bullish alignment that signals buyers are stepping in at support. The 4-hour and daily structures remain firmly bearish, with the 200-day MA now acting as overhead resistance near $68,000. Bitcoin is trading above intermediate support but still buried under a heavy ceiling.

🔹 MACD Top Divergence Flashes a Warning
While the 15-minute momentum looks constructive, the daily MACD is printing a bearish divergence pattern. That means internal strength is not yet confirming price stability. Bollinger Bands are expanding sharply, confirming that volatility is accelerating, not cooling. Any bounce that fails to hold $62,000 could quickly revisit the $60,400 zone.

🔹 Macro Pressure Keeps Risk Appetite Tethered
The Fear and Greed Index sits at 28, extreme fear. Oil prices are swinging on geopolitical headlines, yields are elevated, and the newly sworn-in Fed Chair Kevin Warsh inherits an inflation rate running above 3.8%. The market is repricing the path of interest rates, and Bitcoin is caught in that repricing alongside equities. ETF flows have turned mixed, with spot BTC products seeing sporadic outflows mid-week before a small Friday recovery.

🔹 Volume Spike Confirms Capitulation
Trading volume surged over four times the weekly average as price dropped into the $60,400 area. That pattern — panic selling with a volume explosion — often marks the exhaustion phase of a selloff. The key now is whether follow-through buying materializes over the weekend.

Bitcoin is sitting at a crossroads. A hold above $62,000 opens the door to $64,000. A failure at this level and the $60,400 floor gets tested again fast. The oversold signal says bounce. The trend says caution. The weekend will pick a side.

Friends, are you buying this dip or waiting for the daily chart to flip bullish first?

$GT $ETH

⚠️ Not financial advice.