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$BTC is trading in the range of US$63,000–64,000 and is still holding above an important support level despite outflows from Bitcoin ETFs. Market focus today is on options expiry worth roughly US$1.4 billion, which could increase volatility over the next few hours. �
The Economic Times + 1
Technical analysis:
Key support: US$63,000
Next support: US$61,500–62,000
Nearest resistance: US$64,500
Strong resistance: US$66,000
As long as BTC can hold above US$63,000, upside potential remains open. However, if the price falls and breaks below that level with heavy volume, a correction toward US$61,500–62,000 becomes more likely. �
The Economic Times + 1
Today's Forecast
Bullish (≈55%): BTC breaks through US$64,500 and could move toward US$65,500–66,000.
Sideways (≈30%): Price trades in the US$63,000–64,500 range while waiting for a new direction.
Bearish (≈15%): If the US$63,000 support fails to hold, BTC could drop to US$61,500–62,000. �
The Economic Times + 1
Conclusion: Short-term sentiment is still leaning bullish, but today is expected to be highly volatile due to the impact of options expiry. Traders should wait for confirmation of a breakout or breakdown before opening any new position, while also sticking to strict risk management.#PredictWorldCupShare20000U #btc #eth