BTC: Spot Bounce Tests Major Supply Zone

BTC posted a spot driven bounce that carried price straight into heavy market supply and resistance on multiple timeframes, noted trader @52kskew. With price testing upper Bollinger resistance at $64235.26 while RSI sits at 56.65, a healthy retracement to the 50-EMA support at $63718.96 looks probable before any continuation as the MACD golden cross at 187.09 keeps the bullish structure intact.