$BTC on the 1H timeframe is reacting from the descending resistance zone, while holding strong support near 65,500 – 65,800.

Price swept liquidity below and formed a bounce from the demand area, showing buyers are still active.

As long as this support holds, a relief move toward the upper resistance looks possible.

BTC
BTCUSDT
76,234
-0.64%


Long Entry: 65,500 – 65,800
Stop Loss: Below 63,800
Take Profit 1: 69,500
Take Profit 2: 71,000 – 71,400

If momentum builds above local resistance, we could see continuation toward the higher supply zone. Manage risk properly and wait for confirmation before entry.