BTC Technical analysis:

Bitcoin's 2-hour chart shows a period of consolidation after a notable dip and subsequent recovery. The price is currently holding above $60,000, indicating some stability, but the RSI is hovering around 50, suggesting a lack of strong momentum in either direction. The MACD shows a bearish crossover with the histogram in the red, which could signal potential downward pressure if bulls don't step in soon. However, the overall picture suggests we're in a wait-and-see phase, with price action potentially coiling for a bigger move. Keep an eye on key support levels around $58,000 and resistance near $62,000.