Guys, Bitcoin is being fed by nonfarm payroll data. June nonfarm payrolls plummeted to 57k, instantly maxing out rate cut expectations. Bitcoin responded by surging back to around $62k. Short sellers have temporarily cooled off, and longs have caught their breath.

The Irish government just deposited 500 confiscated Bitcoins into an exchange. BlackRock's ETF has deposited 20,359 Bitcoins into exchanges over the past 4 days! Large institutional deposits mean a short-term reversal could strike at any moment. In the short term, we expect range-bound recovery. The upper ceiling resistance is firmly at $62,200–$62,500; the lower floor support is around $59,900–$60,200. Manage your positions reasonably$BTC ‌