⭐ BTC Today's Market Update

Yesterday, we mentioned that Bitcoin found support around 63k and entered a consolidation correction, with the core idea being to wait for a pullback to confirm a low-buying opportunity.
The previous day, the price tested support near 63,800 and rebounded to 65,400 before pulling back, and this morning's close was below 64,200. Overall, it is in a tug-of-war between bulls and bears.
Although the daily chart remains in a downtrend, the MA20 has started to flatten, and the price has risen above this moving average, which is a short-term sign of a trend reversal. The medium- to long-term bearish trend still has not reversed.
On the 4-hour chart, the price is currently within an upward channel, but the area between 66,000 and 67,200 is a previous high-volume trading zone and the middle of the channel. The upper boundary at 68,000-69,500 presents clear resistance.
However, based on volume structure, the decline is mild and gradual, with no significant panic selling, indicating some support below and a short-term bias toward the upside.
Resistance above: 65,300-66,200, break above to see 67,500
Support below: 63,200-62,800
Today’s outlook: Consolidation with a slight bullish bias, recommend light positions on dips to support zones, and look for signs of a top at resistance levels before shorting on rallies. #我的Gate交易时刻