Bitcoin: Weak Trend Holds After $74K Drop

BTC dropped from $74K to below $60K in rapid liquidation before buyers defended the lows and lifted price back toward $64K, leaving the broader structure fragile.

Over the past six months price has repeatedly failed to sustain breaks above the $70K zone, confirming persistent seller supply at each rally.

At $63586 the 4h chart shows price trapped below the EMA50 resistance at $65283.94 while the EMA200 at $72389.37 caps any upside; MACD golden cross offers mild momentum yet RSI at 52.55 remains neutral, and price hugging the upper Bollinger band at $64031.26 suggests short-term exhaustion likely to trigger a pullback toward the lower band support at $59537.99 before further directional conviction emerges.