The bullish divergence on the $BTC daily timeframe has played out exactly as expected, with price now approaching a major resistance zone between $63K and $66K.
The key level to watch is $65.5K. A decisive break and hold above it could open the door for more short-term upside.
However, if $BTC gets rejected at this level, a pullback toward the $60K region becomes a realistic possibility.
For now, the plan remains simple: let the chart lead the way and watch how price reacts around this resistance before making any assumptions.
The key level to watch is $65.5K. A decisive break and hold above it could open the door for more short-term upside.
However, if $BTC gets rejected at this level, a pullback toward the $60K region becomes a realistic possibility.
For now, the plan remains simple: let the chart lead the way and watch how price reacts around this resistance before making any assumptions.