Bitcoin: Option Expiry Tests $60K Level

Bitcoin confronts option expiry volatility at $60252.53 as $STRC and $MSTR extend losses, with price stalling near the psychological $60,000 mark.

Bitcoin price action on the 4h chart reveals a bearish trend structure with price trading below both EMA50 at $62467.62 and EMA200 at $67305.16, while MACD registers a death cross at -923.59; RSI at 39.91 remains neutral yet price sits inside the Bollinger Bands, testing upper resistance near $63884.53 before any potential retracement toward lower support at $58718.48.

Bullish daily divergence stays unconfirmed until BTC reclaims $62000 to validate the 200-week MA hold and trigger short covering.