Bitcoin

62.5K Support Holds, Pressure Builds

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Hi traders!✊🏼

After yesterday's false breakout immediately following the U.S. session open, Bitcoin reached the first projected target at 64,000✅ and then continued to 64,660✅, stopping just $230 short of the second target at 64,890.

For now, price continues to hold above the 62,500 level, which remains a positive sign for the bulls🦬🦬🦬 This support is holding up quite well. At the same time, Bitcoin is getting squeezed between the 4H EMA100 and EMA200, increasing the probability of a strong impulsive move in the near future.

❌Current resistance levels:

64,000 – 4H EMA200
64,890 – major horizontal resistance formed in February–March 2026 and confirmed multiple times in June
67,600 – another major horizontal resistance formed in February–March 2026 and confirmed again in June

🛡️Current support levels:

62,500 – major horizontal support + 1H EMA100
62,100 – 1H EMA200 and 4H EMA100

Peace! 🌄

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