On the daily chart, Bitcoin (BTC) is trading sideways around the $60,110 level, just above the critical psychological support of $60,000. The price continues to seek direction following recent spot ETF outflows and profit-taking. Key levels and expectations regarding the technical outlook are as follows:

Technical Levels and Analysis
Critical Support Zone: The most significant macro support level for the price is the $58,900–$59,500 range. Daily closes below this zone (and specifically below $60,000) could deepen the downtrend.
Initial Resistance Level: For short-term buyers to regain momentum, daily closes above the $60,700 resistance level are required.
Trend Outlook: On the daily chart, the price is moving within a bearish channel. A decisive breakout above the $66,000 zone with high volume is essential for sustained relief and the re-confirmation of an uptrend.
While the price has shown a reaction from the support band, significant buying volume is needed to sustain any upward movement.