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$BTC: Calm Before the Storm? đđ„
Bitcoin is moving sideways around $63.5K, but underneath the surface, things are getting interesting.
SAR is sitting near $64.4K, while EMA21 and EMA55 are both turning down. Every bounce is getting squeezed by resistance.
And then thereâs the miner data⊠đ
Bitcoin miner fee income has fallen to just 0.69% â near a 10-year low.
That sounds bearish at first. But historically, extreme miner-income weakness has often appeared around major BTC bottoming phases, including periods before the big moves in 2015 and 2019.
The crazy part? Hash rate is still making new highs. Miners are under pressure, but theyâre still fighting to survive.
Meanwhile, KDJ is sitting low, RSI6 is around 38.8, and BTC volume is nowhere near strong enough to convince me that bulls can easily reclaim $65K.
So hereâs the battle:
đŽ $65K = major resistance
đĄ $62K = key support
đą $60K = bullsâ last major defense
My short-term view: BTC could lose $63K, retest $62K, and then weâll see whether the bulls can defend the bigger picture.
But hereâs the twistâŠ
What if this miner-income collapse isnât a warning of a crash, but actually the signal that a major bottom is forming?
If history rhymes, $70K may not be as far away as it looks. đđ
Iâm watching the next few days very closely.
Bottom signal or crash signal? Whatâs your call? đ„
#DailyOrbit
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