Bitcoin

Key Indicators

• The crypto pair is currently holding near the ascending trendline support, which is a crucial short-term support. A sustained break below this level could expose the next downside zone near $62,400.

• The Relative Strength Index (RSI) has also dropped below the 50 level, reinforcing the downside momentum.

Fundamental Context

The crypto market is currently in a phase of consolidation with a slight bearish tilt. Bitcoin has failed to hold recent highs and is testing lower support levels. The lack of major breaking news suggests the market is waiting for a clearer macroeconomic signal or a decisive technical breakout.