$BTC /USDT PERP – Oversold Bounce Incoming? (July 08, 2026)



Price: $62,772.5 (-1.78%)
**Range:** $62,503 – $64,218

EMAs:
Price below EMA5 (62,964), EMA10 (63,163), and EMA30 (63,326) – bearish structure, all EMAs overhead.

RSI:
6 at 29.3 (oversold!), 12 at 38.5, 24 at 44.9 – short-term extreme, bounce likely soon.

Key Levels:

· Resistance: $62,948 → $63,617 → $64,285
· Support: $62,503 → $62,280

Game Plan:

· Hold above $62,503 → oversold bounce to $62,948–$63,617.
· Lose $62,503 → drop to $62,280 or lower.

Verdict:
Bearish momentum but RSI(6) oversold. Expect relief bounce or consolidation. Wait for reversal signal before going long.
#GUSDYieldRisesto3.8%
BTC-0.28%
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