$BTC The selloff finally hit the $65.5K floor, and that level is acting like the first real spot for a relief bounce.


Bulls lost the clean trendline on the way down, but the bigger horizontal support from February is still doing its job. That’s the level I’m watching now — if price keeps holding above it, the breakdown starts to look more like a flush than a clean trend failure.
What matters next is whether BTC can reclaim the broken diagonal area above. If it rejects back under that zone, the bounce loses steam fast and late shorts stay in control. For now, the market looks like it’s trying to recover from an oversold washout rather than trend cleanly lower.
BTC-4.19%
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