⭐ BTC Today's Market Update

Bitcoin shows signs of stabilization on the daily chart, with bulls attempting to digest previous selling pressure.
From a fundamental perspective, long-term holders' positions have reached a new all-time high, and institutional buyers like Capital B and Franklin Templeton's increased holdings support long-term confidence, but short-term negative factors such as hawkish signals from the Federal Reserve and Bitdeer's liquidation still suppress market sentiment. The market remains in a stalemate between bulls and bears.

On the daily chart, the current price of 64,250 is above the MA20 and has closed above the key Fibonacci resistance level, indicating short-term support is effective. After a significant decline earlier, the market has entered a consolidation phase. The overall structure is mainly oscillating and repairing; the daily trend has not yet turned bullish, but signs of exhausted selling pressure are evident.

On the 4-hour chart, the channel has been updated; the new channel is still consolidating without a breakout. The previous channel was broken but has not yet been retested. Resistance is around 64,800. Recent candles have gradually risen from 63,688 to 64,246.6, showing increased bullish momentum. The Vagas channel's 15-minute breakout is effective, indicating a short-term bullish continuation. However, for medium to long-term, the trend remains bearish, with a high probability of a bear flag. Continuing to position for higher shorts is advisable.

Upper resistance: 64,800-65,300
Lower support: 64,000-63,500

Today’s strategy: Short-term bullish bias. If the price retraces to support zones and stabilizes, consider light long positions. Overall, focus on low buy-in levels, but remain alert to sudden negative macro news.