$BTC Bulls still have the upper hand here, and BTC is holding a clean reversal after the early-June washout.

Price bounced hard off the $59.5K area and is now compressing inside a smaller rising wedge after the bigger downside wedge broke. That kind of move usually means the market is pausing, not failing.
I’m watching the $61.8K-$62K zone closely since that’s the internal retest area. If price holds that base, the squeeze setup stays alive and the bigger upside path toward the $70.5K resistance stays in play. If it loses that reclaim and slips back under the breakout area, the structure starts to weaken fast.
Shorts pressing here may be leaning into a spot where sellers already got exhausted.