Bitcoin reclaimed the $63000 level and cleared $540M in short positions, marking the highest short liquidation volume in seven weeks.

Price action at $63875.05 sits inside the Bollinger Bands with the upper band at $64097.62 acting as immediate resistance while the lower band at $59500.53 offers support. The 50-EMA at $65295.28 continues to cap upside as a dynamic resistance, and the 200-EMA at $72392.25 defines the broader bearish structure. Despite the MACD golden cross at -446.38, the neutral RSI at 54.34 signals limited momentum for an immediate breakout, suggesting a potential retracement toward the 50-EMA before any sustained push higher.