Last night, Bitcoin formed a constructive bullish consolidation pattern of "advance → pullback confirmation → higher lows." Price rallied from 59,600 to 60,700 before encountering short-term selling pressure. However, the pullback was limited to 59,300, where buyers quickly stepped in, successfully defending the previous key support zone. Bitcoin is now trading steadily around 60,000, with a clear pattern of gradually rising lows.

Trading volume continued to decline during the retracement, suggesting that bearish momentum remains weak. This appears to be a healthy consolidation phase ahead of a potential breakout rather than a sign of trend reversal.
From a technical perspective, BTC has firmly reclaimed the 4-hour MA30, while the MA5 has crossed above the MA13, with both moving averages sloping higher. The short-term moving average structure is now providing solid support. Although 60,700 remains immediate resistance, repeated tests have gradually weakened this level. A decisive breakout on strong volume could open the door toward the 61,200–61,500 resistance zone
$BTC ‌