BTC is currently trading below the 63,750 resistance zone, indicating that sellers are still in control in the short term. The recent rejection from the upper supply area suggests that the market may continue to consolidate before making its next significant move. If price remains below this resistance, a decline towards the nearby support zones around 63,250–63,000 could be expected. However, a strong break and hold above 63,750 may shift momentum back in favour of the bulls and open the way for further upside.
⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and apply proper risk management before making any trading decisions.
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