Traddewave

Market Structure : Bullish
Timeframe: 15 Minutes
Current Price: 64,595 USDT
Bitcoin remains in a short-term bullish structure after breaking above the recent consolidation range. The sequence of higher highs and higher lows confirms that buyers are still in control. However, price is now approaching a local resistance zone where profit-taking or a temporary pullback could occur before the next directional move.
Key Resistance Levels
64,610 – 64,640 Immediate resistance and recent swing high.
64,820 – 64,850 →Next upside liquidity zone.
65,000 → Major psychological resistance.
Key Support Levels
64,400 – 64,420 → Previous breakout area, likely to act as first support.
64,250 – 64,280 → Strong intraday demand zone.
64,000 → Major psychological support.
Liquidity Analysis
Buy-side liquidity is resting above the recent highs around 64,610, making it a potential target if bullish momentum continues. On the downside, liquidity is concentrated around 64,400 and 64,250, where buyers may attempt to defend the trend.
Pivot Levels
Pivot Resistance: 64,610
Pivot Zone: 64,420
Pivot Support: 64,250
Market Outlook
As long as price remains above 64,400, the bullish structure remains intact. A sustained move above 64,610 could trigger another leg higher toward 64,850 and potentially 65,000
If price fails to hold above 64,400, a healthy intraday correction toward 64,250 or 64,000 becomes increasingly likely before buyers attempt another recovery.
Trading Scenario
Bullish Scenario
*Watch for a pullback into the 64,400–64,450 support zone followed by bullish price action confirmation.
Alternatively, monitor for a confirmed breakout and successful retest above 64,610 before considering continuation opportunities.
Bearish Scenario
A rejection from 64,610 followed by a break below 64,400 may expose 64,250 and 64,000 as the next downside objectives.
Conclusion
The short-term trend continues to favor buyers, but price is currently testing a key resistance area. Rather than chasing momentum at resistance, it may be more prudent to wait for either a confirmed breakout above 64,610 or a pullback into support with confirmation. Patience around these key levels may offer more favorable risk-to-reward opportunities.
This analysis is based solely on price action and chart structure and should not be considered financial advice.#BTC $BTC