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📊 BTC Market Update (4H)
Market Structure:
Bullish
Current Price:
$62.4K
Key Support:
• $61.8K – $62.1K (Immediate Demand)
• $58.3K – $58.9K (Major Demand Zone)
Key Resistance:
• $64.2K – $64.8K (Major Supply Zone)
What I'm Watching:
Bitcoin is currently pulling back after testing the $64K resistance zone. While the rejection has slowed bullish momentum, buyers continue defending the immediate support area, keeping the overall market structure intact.
As long as price holds above support, this looks like a healthy retracement rather than a confirmed trend reversal. A breakout above $64.8K could trigger another bullish expansion, while losing support may lead to a deeper correction toward the higher-timeframe demand zone.
Invalidation:
A confirmed 4H close below $61.8K would weaken the short-term bullish structure and increase the probability of a move toward the $58K demand zone.
Market Bias:
🟢 Bullish while price holds above $61.8K.