BITCOIN - Retest of the 64,500 liquidity zone

Jul 10

BTCUSDT.P remains within the 58,000–67,000 trading range, established as part of the broader bearish trend. Locally, the market is testing the upper boundary of the consolidation zone at 61,000–64,500, with the primary focus now on the resistance area



Bitcoin is currently caught between three major forces: the hawkish FOMC minutes, unstable ETF flows—with outflows resuming after three consecutive days of inflows—and ongoing geopolitical uncertainty. The market still lacks a strong fundamental catalyst. From a medium-term perspective, Bitcoin could decline toward 58K–50K before a potential long-term bottom is formed. The broader trend remains firmly bearish.
Technically, Bitcoin is advancing toward the 64,370–64,690 resistance zone. This move may represent a liquidity grab before another leg lower

Resistance levels: 64,370, 64,690
Support levels: 62,550, 61,300

Bitcoin is forming a countertrend correction into a key resistance zone, which also coincides with the upper boundary of the current trading range and a major liquidity pool. A short squeeze in this area could shift momentum back in favor of the bears, while consolidation below this resistance zone may trigger another decline toward 62,550 or the range support at 61,300

Best regards,
R. Linda

Jul 13

Trade active