Bitcoin: Tests Lows Correlated With STRC

Bitcoin cleared a test of the lows in tight correlation with $STRC, bouncing intraday while altcoins outperformed by 5-9% versus BTC as traders await Strategy's open.

With price at $61110.21 sitting inside the Bollinger Bands and probing the lower support at $60270.05, the bearish EMA50 at $63392.62 and EMA200 at $67874.33 act as concrete overhead resistance; the MACD death cross at -778.25 reinforces downside pressure yet neutral RSI at 36.49 leaves room for a swift reversal if short covering accelerates toward the upper band at $65776.08.