$BTC /USDT PERP – Sharp Drop, Testing Support (July 07, 2026)

Price: $63,194.0 (-0.50%)
**Range:** $63,118 – $64,731

EMAs:
Price below EMA5 (63,435), EMA10 (63,534), and EMA30 (63,326) – bearish short-term structure, all EMAs now overhead.

RSI:
6 at 36.2 (approaching oversold), 12 at 46.2, 24 at 50.2 – selling pressure building, but not extreme yet.

Key Levels:

· Resistance: $63,326 (EMA30) → $63,435 → $64,731
· Support: $63,118 → next major at $61,280

Game Plan:

· Reclaim $63,326 → bounce to $63,435–$64,000.
· Lose $63,118 → downside acceleration to $61,280.

Verdict:
Bearish near-term. Price broke all EMAs. Watch for relief bounce or further breakdown. Caution advised.
#GTBurns2.57MInQ2