🔥💫✨️ $BTC bounced, but the bear market still looks alive 🔥💫✨️



The chart is trying to recover, but analysts are not convinced yet—Bitcoin was rejected from the $67K–$77K resistance zone, and that rejection keeps pressure on the market:

🔹️ Bitcoin’s latest rally formed as a weak three-wave bounce, not a strong five-wave trend.

🔹️ The break below $63K–$64K support keeps the bearish structure in play.

🔹️ $62K is the key short-term support, while $55K–$56K is the next major downside zone.
A bounce can happen at any moment, but one bounce doesn’t confirm the bulls are back. Until Bitcoin closes cleanly above $77K or shows a real five-wave rally, this still feels more like a bear market pause than a full recovery.

The Bigger Macro Picture

The absence of a massive, high volume capitulation event suggests retail capitulation hasn't truly occurred. Instead, we are seeing a grueling, slow-bleed environment where institutional outflows dictate the daily momentum.

Key Takeaway: If the $62K floor fails to hold over consecutive daily closes, the market will likely sweep the liquidity pooling near $55K.

Traders should expect choppy, range-bound volatility until macro liquidity improves. Protect your capital, manage your leverage tightly, and don't mistake a temporary relief rally for the start of the next major macro expansion.

#MyGateTradeStory

$BTC
BTC1.23%
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