BTC: Slips to $62.6K as Options Positioning Rebuilds

BTC slipped back to $62.6K, unwinding much of July’s rebound and returning to the lower end of its range as options positioning rebuilds while implied volatility remains subdued, signalling continued market complacency.

Price action on the 4h chart shows a bearish trend with EMA50 at $64353.71 and EMA200 at $63932.64 acting as overhead resistance; RSI(14) at 33.09 sits neutral while MACD registers a death cross at -172.34, and price tests the lower Bollinger support near $63011.95, pointing to potential consolidation before any sustained move higher in BTC price prediction models.