$BTC Rebounds driven by good news; the mid-term bullish logic remains unchanged

BTC’s recent price action has largely met earlier expectations—we believe July will see a round of a stronger rebound, and the current market is evolving along this path.

Some views in the market suggest the first wave has already staged a top, rebounding from $58,000 to $64,600. But structurally, the current price action fits the classic rhythm of “rally—pullback consolidation—another rally.” Heavy liquidity has clustered near the prior high; after the breakout, proactive adjustment actually helps to open up further room for upside.

In terms of strategy, the core approach remains clear: maintain a bullish bias above $61,300; if it breaks down, reassess the trend. As long as this key level holds, short-term fluctuations are mostly noise and do not affect the overall rebound structure.

Next, focus on two resistance levels:

· $65,500: the first major resistance in the near term; on the first touch, watch for pullback risk;
· $68,000: the most critical resistance area for this cycle—if a false breakout signal appears, it could create a short opportunity at the mid-line level, and it is also an important window for the market’s second dip.

For the short term, the price has already broken above the prior high, which is a signal of trend continuation. Those currently in cash can watch for a pullback to around $64,000 to look for a long entry, set a stop-loss below $63,200, and targets sequentially at $65,500 and $68,000. If you already have longs built near the bottom, you can continue to hold and wait for the targets to be gradually realized.

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