Bitcoin market update: Bull Trap or Bull Run?

🧐 BTC/USD has shown resilience, suggesting recent dips below $60K might have been bear traps.

🚀 Critical resistance at $64,000, which includes the 21-week moving average and short-term holder cost basis, remains the key barrier.

🇺🇸 Upcoming U.S. unemployment data and Fed Chair Powell’s speech could inject volatility into the market.

⚡️ Despite a drop in hashrate, decreased miner selling pressure hints at improved profitability conditions.

💰 The Crypto Fear and Greed Index is climbing, indicating a shift from fear to greed among investors.