BTC is trying to recover, but the bounce is walking directly into supply, not freedom.
On the 4H, BTC is trading around $62,022 and still sits below EMA20 at $62,428.95, EMA50 at $65,698.71, and EMA200 at $72,514.96.
That keeps the broader moving average stack bearish for now.
The main battleground is the bearish order block between $63,450 and $64,739.80.
If BTC pushes into that zone and rejects, I’m watching for continuation back toward the unfilled 4H FVG at $61,447.20-$60,969.20. If sellers keep control, $59,005.26 is the next downside area I’d track.
The invalidation is clean: a 4H close above $64,739.80.
That would mean BTC reclaimed the bearish OB and the structure needs to be reassessed. Until then, I’m treating this move as a retest into supply, not a confirmed reversal.
This is the first map for the setup. I’ll update this idea if price rejects the OB or reclaims the invalidation level.
Are you waiting for the $64.7K reclaim, or shorting the rejection back toward $61K?
On the 4H, BTC is trading around $62,022 and still sits below EMA20 at $62,428.95, EMA50 at $65,698.71, and EMA200 at $72,514.96.
That keeps the broader moving average stack bearish for now.
- RSI: neutral at 50.8
- MACD: bullish momentum, but still below zero
- ADX: 62.7, showing a strong trend environment
- Volume: weak, with the oscillator near -21.1%
The main battleground is the bearish order block between $63,450 and $64,739.80.
If BTC pushes into that zone and rejects, I’m watching for continuation back toward the unfilled 4H FVG at $61,447.20-$60,969.20. If sellers keep control, $59,005.26 is the next downside area I’d track.
The invalidation is clean: a 4H close above $64,739.80.
That would mean BTC reclaimed the bearish OB and the structure needs to be reassessed. Until then, I’m treating this move as a retest into supply, not a confirmed reversal.
This is the first map for the setup. I’ll update this idea if price rejects the OB or reclaims the invalidation level.
Are you waiting for the $64.7K reclaim, or shorting the rejection back toward $61K?
This is my personal market analysis, not financial advice. Always do your own research and manage risk carefully.
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