$BTC is still holding the compression, and the short-term tape looks like it’s setting up for a squeeze.

Price is grinding into the apex of the third wedge here, with the local descending structure cooling off the move after the push to $64.5K. I’m watching the lower trendline around $61K closely — that’s the area where a quick tap down and reclaim would matter most.
The bigger read is that sellers already got worn out near the $59.3K low, then buyers drove the relief leg higher. Now it’s just tightening up under resistance. If this floor keeps getting defended, the path back toward the $64.5K area stays in play.
What would weaken this read is a clean daily close back under the June 5 low near $59.8K.