Bitcoin: Range Holds Amid Rebalancing Flows

Bitcoin shows very little change since yesterday as the market continues developing value with rebalancing flows maintaining the current range.

Price sits at $63406.64 inside the Bollinger Bands with upper resistance at $64406.8 and lower support at $59616.27. The structure remains bearish as price trades below the EMA50 at $65146.54 and well under the EMA200 at $72240.77, yet the MACD has printed a bullish golden cross at -292.64 while RSI(14) holds neutral at 51.04. This confluence points to a likely test of the upper band before any retracement toward the 50-EMA support zone.