BTC/USD - my read on the daily

O: $65,062.78 | H: $65,337.38 | L: $64,792.00 | C: $65,218.87 (+0.28%)
I'm not excited by this candle.
We're still trading under the 200 EMA ($73,696), and that line's been sloping down since April. Until that flips, I'm treating this as a downtrend, not a dip to buy blindly.
June's breakdown from the $72K–$76K zone was the real damage — that was demand turning into supply, and it dumped us into the low $60Ks fast.
What I like: price has been carving higher lows since that flush, riding a trendline off the June bottom. That's the first real sign of buyers stepping back in.
What I'm watching:
Support: $64,192 - lose this and the trendline's broken
Resistance: $72K–$76K - this is the level that matters, not $68K or $70K
Downside risk if this base fails: $48K–$56K
My take: this is a basing range, not a reversal yet. I'd rather see a reclaim of $72K+ with volume before calling a trend change. Until then I'm not fighting the EMA.