Bitcoin: 25 Delta Skew Stabilizes Across Curve

Bitcoin 25 delta skew has stabilized across the curve after June's sharp repricing, with downside protection still commanding a premium at readings of -6.4% (1D), -6.7% (7D), -7.0% (1M), -6.6% (3M), -5.6% (6M) and -5.3% (1Y).

Price action at $63043.46 holds above the EMA50 support at $62200.01 yet below the EMA200 resistance at $64303.39, while the MACD death cross at 433.2 clashes with neutral RSI(14) at 53.24; the market trades inside Bollinger bands bounded by $63931.2 upper resistance and $62311.25 lower support, pointing to a probable healthy retracement toward the 50-EMA before any continuation higher.