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Bitcoin just tagged 60,000 and bounced.
65,932 now, up 0.36% on the day.
That drop came straight through the 74,800 level, the same line that held as support for months.
Now it flips to resistance.
RSI is climbing out of oversold, but the signal line is still buried near 27.
MACD stays deeply negative. The momentum hasn’t turned yet, this is a bounce inside a downtrend until proven otherwise.
74,800 is the level that decides the next chapter.
Reclaim it and the range comes back into play.
Lose 60,000 again and the conversation changes.
The people who understood this before will not need to explain themselves later.