$BTC/USD(BTCUSD.HAS)

🏆 [Weekly] Bitcoin lover: Macro Relief Clashes With Structural Friction

Bitcoin is displaying resilience, holding steady around $63,935 after briefly piercing a three week high near $65,000.

A notable slowdown in U.S. consumer inflation has provided short-term macro stability.

🔷 Technical Snapshots

🟢 4-Hour Chart:

The short-term picture is a tight battlefield. Bitcoin is testing immediate support at its middle Bollinger Band ($64,170), with the price currently oscillating at $63,935.

Overhead resistance is strong at $65,398, while a neutral RSI of 50.63 suggests a pause before the next significant move. A solid local support floor exists at $62,943.

🟢 Daily Chart:

The daily timeframe highlights a critical make-or-break consolidation zone. BTC is trading comfortably above its lower bands, testing the middle SMA ($62,863) as structural support.

A daily close above this level keeps the upper band target of $66,137 in play. The daily RSI is a healthy 51.89, confirming that mid-year selling exhaustion has fully reversed.

🔷Fundamentals Snapshots

🟢 Macro Relief & Geopolitics: The latest U.S. CPI print showed headline inflation cooling to a 3.5% annual rate (down from 4.2% in May), with Core CPI dropping to 2.6%.

This has boosted trader confidence that the Fed will keep interest rates unchanged at 3.50%–3.75% in the July FOMC meeting. The crypto market has also remained unfazed by rising geopolitical tensions.

🟢 Flow Reversals: The record spot ETF outflows seen in June are finally easing, replaced by patchy but positive inflows that are countering late-quarter corporate selling.

🔷 The Verdict

The immediate trend is cautiously bullish, provided the daily support at $62,863 holds. A break above the 4-hour resistance at $65,398 could trigger a strong recovery rally toward $68,000.

Conversely, a failure to hold the $62,000 support level would reintroduce downside risks toward $59,589.

Not financial advice. Do your own DD😁.