Bitcoin: New Lows Form Short-Squeeze Setup

Bitcoin printed fresh lows this cycle while everyone piled short, exactly the setup that reverses hardest according to @CryptoMichNL.

The 200-week moving average break stalled instead of cascading lower, showing demand absorbing supply at these levels with traders now eyeing 61K support and 67K confirmation for the next leg higher. Coinbase premium and funding rates sit deeply negative, loading fuel squarely on the short side for a potential squeeze. Macro data pointing to no rate hikes for six months adds tailwind for risk assets, mirroring conditions seen at prior cycle lows in 2018 and 2022.

On the 4h chart BTC trades at $62092 inside the Bollinger Bands with price testing near the lower band support at $61826 while the 50-EMA at $61821 acts as immediate concrete support and the 200-EMA at $64378 caps upside; neutral RSI at 48.11 combined with the MACD death cross at 433.05 suggests a brief consolidation before any continuation higher as volatility remains contained.