#Bitcoin
Although weekly flows overall remain negative, recent sessions show that institutional sentiment has become more constructive. At the same time, traders are focused on Friday’s Bitcoin options expiry worth $1.4 billion, which may increase short‑term volatility as large derivatives positions are rolled over or closed. The macroeconomic backdrop has also become somewhat more favorable for risk assets. Expectations that the Federal Reserve will avoid an immediate rate hike have eased pressure on Treasury yields and improved overall market sentiment. Meanwhile, events in the Middle East continue to affect financial markets, although Bitcoin has become less sensitive to geopolitical headlines as investors have once again shifted their attention to monetary policy and institutional flows. Nevertheless, uncertainty around global growth and interest rates continues to limit aggressive risk‑taking, which suggests that any sustained rally still needs confirmation from U.S. inflation data and ongoing demand for ETFs. On the hourly chart, Bitcoin is clearly recovering from recent lows around $58,000 and is approaching an important resistance zone near $64,300–64,500. The price has moved back above the short‑, medium‑ and long‑term moving averages, and the upward slope of the short‑term averages indicates strengthening bullish momentum during the latest rebound. A confident breakout above $64,500 could open the way to $66,000, while initial support has shifted higher into the $63,000–63,200 area. As I noted in the previous article “Bitcoin recovers amid improving ETF inflows and easing macroeconomic pressure,” the long‑term outlook for the cryptocurrency remains constructive, although a decisive breakout above the nearest resistance is still needed to confirm a broader bullish reversal.
