BTC is now around 63.8 thousand, up slightly by 0.3% today. After the past two days smashed down to that key support at 63.5 thousand, this time it seems to have held and not continued to break down.

Over the week, it’s still down, down 4%, but looking back over a month the upside has actually expanded: it’s up to 8.2%. This suggests that the monthly chart’s base is firmer than previously thought. The 24-hour high is 64 thousand, the low is 62.8 thousand. Today it first dipped down and then rebounded, a typical bottoming reversal.

That support area I’ve been watching—between 63.5 thousand and 64 thousand—has now held up again. Multiple consecutive tests haven’t broken through, indicating that the buy orders at this level are genuinely there, not just fake liquidity.

At this point, if it can hold the 62.8 thousand 24-hour low, it will likely continue the prior range-bound pattern, and the logic of entering on dips still holds. If later it falls again and breaks through this support, then it’s time to be on alert again. If you’re holding long positions, you can feel a bit more comfortable—based on current signals, this area still looks relatively safe. Entering from this level on a chase doesn’t look too expensive. #btc $BTC