$BTC is recovering, but this is not a confirmed breakout yet.
After the sharp drop, buyers defended the $63.60K–$63.85K zone and pushed price back toward $64.06K.
The first real test is $64.30K–$64.50K.
Bullish scenario:
A clean close above $64.50K followed by a successful retest could open the way toward $64.80K, then $65.20K–$65.40K.
Bearish scenario:
A rejection at resistance followed by a 1H close below $63.60K would expose $63.25K. Below that, the major demand zone sits around $62.30K–$62.75K.
Right now, BTC is between support and resistance, so I’m waiting instead of chasing.
What comes first: a breakout above $64.50K or another sweep of $63.60K?
Educational only. Manage your risk.
#Write2Earrn
After the sharp drop, buyers defended the $63.60K–$63.85K zone and pushed price back toward $64.06K.
The first real test is $64.30K–$64.50K.
Bullish scenario:
A clean close above $64.50K followed by a successful retest could open the way toward $64.80K, then $65.20K–$65.40K.
Bearish scenario:
A rejection at resistance followed by a 1H close below $63.60K would expose $63.25K. Below that, the major demand zone sits around $62.30K–$62.75K.
Right now, BTC is between support and resistance, so I’m waiting instead of chasing.
What comes first: a breakout above $64.50K or another sweep of $63.60K?
Educational only. Manage your risk.
#Write2Earrn