Foot Guns - Bitcoin Cheat Sheet (07/05/2026)
“Bitcoin needs to be a core macro asset, not just a retail-driven ETF trade.”
📊 BTC Market Snapshot
• BTC $62,584 (+0.1% 24h) — RSI 43.6 | SMA20 $62,118 | SMA50 $67,035
• MACDh +502 (positive) | Bollinger $57,727–$66,509
• Vol 17.7B | Price sitting between SMA20 and SMA50 — chop zone
• Read: Bouncing along SMA20 with positive MACDh momentum but below SMA50. Needs to reclaim $65K to shift the structure. Thin weekend volume.
Macro Back…
