Bitcoin: Range Persists as Spoofy Order Turns Profitable
Bitcoin trades at $64601 inside Bollinger bands with EMA50 support at $63857.87 while Spoofy $80M position profits amid range-bound action.
SourceAnalysis
Bitcoin continues to test key moving averages without meaningful structural change as Spoofy's $80M order from last week moves into profit.
Price action shows BTC inside the Bollinger band with upper resistance at $64865.79 and lower support at $62593.9 while the 4h EMA50 at $63857.87 and EMA200 at $63646.87 anchor the bullish trend structure; MACD golden cross at 234.01 confirms momentum yet RSI at 62.45 stays neutral, suggesting Bitcoin range trading strategy will likely chop until weekly closes exceed the 21 WMA before any sustained BTC price action analysis supports a breakout.
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