BTCUSD bounced in a sharp V-shape toward $70,000 before easing, as dip buyers resurfaced and liquidity improved. Price sits near the mid-$60,000s, while risk appetite shows signs of life. For Singapore investors, today’s setup looks two-sided: momentum is stabilising, yet macro headwinds still weigh on conviction. We break down what likely drove the spike, the key levels into Asia and US trade, and a simple plan to manage risk without overtrading this rebound.

Price Action and What Drove the V-Rebound

Bitcoin ripped higher after a quick morning flush, posting a V-shaped rebound toward $70,000 before stalling. Today’s range shows active two-way trade, with a recent low near 63,019 and high around 66,019, and an ATR of 3,728 signalling wide swings. A round-number magnet at $70,000 remains in play as sentiment improves, supported by bids highlighted by The Business Times source.

Market chatter pointed to Jane Street stepping in to steady prices during a “10 o’clock crash,” helping the rebound gain traction. While we cannot verify the exact flow, a strong liquidity provider can dampen slippage and spark short covering. Traders should treat this as a short-term stabiliser, not a trend guarantee. Social posts flagged the activity source.

Macro Signals: Mixed Picture for Crypto Risk Appetite

Decrypt noted weak risk-adjusted returns and shrinking stablecoin liquidity, a warning that the recovery may lack depth if fresh capital stays sidelined. For BTCUSD, stablecoin inflows often precede durable uptrends because they represent deployable cash. Without stronger issuance or exchange balances, rallies can fade faster, and traders may lean on tighter targets until breadth and funding improve.

A firm US dollar and sticky rates typically cap crypto rallies by tightening global financial conditions. In Asia hours, thinner liquidity can amplify moves, both higher and lower. Singapore investors should watch US macro headlines and dollar moves into late Asia and early US trade. If dollar strength cools, risk assets tend to breathe, giving Bitcoin more room to probe higher levels.

Technical Setup: Levels, Momentum, and Volatility

Immediate resistance sits near the Bollinger middle band at 68,452, with a higher mean target near the Keltner middle at 70,329. Support shows around 63,000 to 61,045 at the Bollinger lower band. RSI at 36 suggests early stabilization but not full strength. With ADX at 48 and ATR at 3,728, expect sharp swings; size positions so a 4% move does not breach your stop.

MACD remains below zero, but a positive histogram hints that downside momentum is fading. Stochastic near 54 signals mid-range conditions, while MFI around 42 shows neutral flows. OBV is still weak, so breakouts need volume follow-through to stick. For BTCUSD, that means respecting stops on failed pushes and preferring pullback entries to avoid chasing into thin liquidity.

Singapore Investor Lens: Positioning and Risk Controls

Use MAS-regulated exchanges or global venues with strong compliance. Fund in SGD and check FX spreads when converting to USD pairs. Compare maker-taker fees and withdrawal costs, which can add up across active trades. Singapore generally does not tax capital gains for individuals, but frequent trading may be considered income; keep records and seek tax advice if activity is substantial.

For short-term trades, consider partial profits near 68,000 to 70,000 and keep stops outside intraday noise using a fraction of ATR. For longer-term exposure, staged buying reduces timing risk. Our model grade on BTC is C+ (Hold), so patience helps. BTCUSD can reclaim momentum if resistance breaks on rising volume and stablecoin liquidity improves.

Final Thoughts

The V-shaped recovery shows buyers have not left, but the setup still demands discipline. We see a market in transition: volatility is high, momentum is mending, and $70,000 is a logical battleground. Use the 63,000 to 61,000 zone as your risk map and the 68,000 to 70,000 area as your test for strength. Keep sizes modest, take partial profits on spikes, and avoid chasing late. For Singapore investors, watch FX costs, prefer regulated venues, and separate short-term trades from long-term allocations. None of this is advice. Treat today as an opportunity to plan, not to overreach.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.