🔹 BTCUSD is showing a recovery from the major support area around 62,400–62,900, where price previously consolidated before pushing higher. The recent move has broken above the descending structure, suggesting a potential shift in short-term market structure. Price is now trading near 64,100 after testing the 64,400 area, while the broader resistance zone around 64,800–65,300 remains an important area to watch. Above this zone, buy-side liquidity appears to be concentrated near 66,400, making it a key technical level if bullish momentum continues.
🔸 From the current structure, BTCUSD could attempt to extend higher if price confirms acceptance above the nearby resistance and maintains the recent breakout. Traders may wait for clear price confirmation before considering any trade, particularly around the 64,400–65,300 resistance area. If sellers regain control and the breakout fails, price could revisit the 62,900–62,400 support zone. A sustained break below this major support could weaken the current bullish structure and shift attention toward lower liquidity areas.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
🔸 From the current structure, BTCUSD could attempt to extend higher if price confirms acceptance above the nearby resistance and maintains the recent breakout. Traders may wait for clear price confirmation before considering any trade, particularly around the 64,400–65,300 resistance area. If sellers regain control and the breakout fails, price could revisit the 62,900–62,400 support zone. A sustained break below this major support could weaken the current bullish structure and shift attention toward lower liquidity areas.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
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