*BTC Market Breakdown - June 29, 2026*

*Price Action*: $60,099 right now, basically flat -0.05% on the day

### *1. Structure on the Charts*
- *4H / 1H*: We’re in a heavy institutional delivery phase after the selloff from the $85K macro highs. It’s been a systematic liquidation run vs retail sentiment.
- *Daily view*: BTC failed to hold near the $82,833 high and shifted into lower highs + lower lows. That’s bearish structure until it reclaims former support.
- *Range setup*: Current 4H range has support ∼$62,000 and resistance ∼$74,000. Equilibrium/mid-point is ∼$65,700.

### *2. Key Levels to Watch*
- *Support*: $60,180 - $60,600 floor being tested now. Below that, $74,000-$74,200 was the main support zone in the last correction, then $73,700 and $72,000 if sellers press.
- *Resistance*: $75,500 - $77,500 is the big zone to flip bullish. Next macro hurdle = $80,000.
- *Above $80K*: Glassnode says a sustained push through $80K would need spot absorption + consistent ETF demand.

### *3. On-Chain + Sentiment*
- *Market regime*: Reclaiming the "True Market Mean" cost basis was a shift from bearish to constructive.
- *Flow*: Spot demand improving + ETF inflows tentatively returning. BlackRock’s IBIT ETF holds ∼765,000 BTC.
- *Sentiment flip*: Crowd went from extreme pessimism → FOMO in days after bouncing above $78K. Santiment flags heavy FOMO as a caution signal — markets often move against crowd expectations.

### *4. Momentum/Indicators*
- *Daily*: RSI 38, Stochastic 11 = neutral. MACD and Awesome Oscillator are bearish, but Momentum indicator is bullish from oversold.
- *Structure bias*: Below $76.5K-$77.5K = lower highs, bearish momentum.

*Bottom line*: BTC is coiling in a $60K-$74K range. Lose $60K and we look at $72K-$73K. Break and hold $74K-$75.5K and $80K comes back on the table.

You watching for a sweep of liquidity above $74K, or a breakdown below $60K on stream today?