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$BTC is showing resilience after a sharp volatility event, with buyers aggressively defending key support levels. The recent short squeeze highlighted how quickly sentiment can shift when liquidity gets trapped on one side of the market.
📍 Entry Zone: $63,800 – $64,500
🎯 Target 1: $66,000
🎯 Target 2: $68,500
🎯 Target 3: $71,000
🛑 Stop Loss: $62,400
Key Observations: • Strong rebound from a major support zone
• Short liquidations added fuel to the recovery move
• Momentum remains constructive while BTC holds above support
• Market structure continues to favor buyers on higher timeframes
The next critical test is whether Bitcoin can turn the $64K region into a solid support base. If that happens, a move toward higher resistance levels becomes increasingly likely. However, traders should remain cautious as volatility remains elevated.
Are you expecting BTC to break above $68K next, or do you think one more pullback is coming before the next leg higher?
#BTC #Bitcoin #Crypto #Trading #CryptoMarket