Bitcoin: Consolidation Deepens as ETF Outflows Dry Up

Bitcoin eases into consolidation as selling pressure cools, futures longs rebuild positions and options traders reduce downside hedges while ETF outflows dry up.

Hot capital inflows could reignite volatility even as realized profits climb in the current cycle.

On the 4h chart BTC trades inside the Bollinger Bands with price testing lower support at $61822.95 right above the EMA50 at $61820.89, neutral RSI at 47.93 leaves room for continuation while the MACD death cross at 431.6 flags resistance toward the EMA200 at $64378.62 and upper band at $63633.18.