$BTC BITCOIN 1H UPDATE — BULLS ARE BACK?
Bitcoin has bounced strongly from the $62.5K–$62.9K demand zone and has reclaimed the $64K area.
The short-term structure is now looking much stronger, but BTC is approaching a major resistance zone around $64.5K.
📈 Bullish case:
A clean breakout and hold above $64.5K could open the door toward $65.2K–$65.4K.
📉 Bearish case:
A rejection from $64.5K followed by a loss of $64K could trigger a pullback toward $63.5K and potentially $63K.
⚠️ Tomorrow's FOMC Minutes could bring significant volatility, so avoid chasing candles and wait for confirmation.
Current bias: Cautiously Bullish 🟢
🎯 Key levels:
Resistance: $64.5K → $65.2K–$65.4K
Support: $64K → $63.5K → $62.5K–$62.9K
I’m always happy to share what I learn and help others understand the market. 📚📊
$BTC
#bitcoin #crypto
Bitcoin has bounced strongly from the $62.5K–$62.9K demand zone and has reclaimed the $64K area.
The short-term structure is now looking much stronger, but BTC is approaching a major resistance zone around $64.5K.
📈 Bullish case:
A clean breakout and hold above $64.5K could open the door toward $65.2K–$65.4K.
📉 Bearish case:
A rejection from $64.5K followed by a loss of $64K could trigger a pullback toward $63.5K and potentially $63K.
⚠️ Tomorrow's FOMC Minutes could bring significant volatility, so avoid chasing candles and wait for confirmation.
Current bias: Cautiously Bullish 🟢
🎯 Key levels:
Resistance: $64.5K → $65.2K–$65.4K
Support: $64K → $63.5K → $62.5K–$62.9K
I’m always happy to share what I learn and help others understand the market. 📚📊
$BTC
#bitcoin #crypto