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bitcoin:native Analysis 🧠📈
BTC has been holding the $63.3k support zone for the last 3 weekly candles, reinforcing it as one of the strongest support areas across both LTF and HTF.
Price is currently compressing after a sharp rejection, but as long as $63.3k remains intact, the structure still favors an upside move.
Looking at both timeframes, a relief rally towards $66.5k is highly likely, with $70.3k being the next major target if momentum continues.
Invalidation: A daily close below $63.3k would weaken this bullish setup and open the possibility for a deeper retracement before continuation.
Key levels:
🟢 Support: $63.3k
🎯 Target 1: $66.5k
🎯 Target 2: $70.3k
❌ Invalidation: Daily close below $63.3k
For now, bulls remain in control as long as support holds.
DYOR | NFA