Bitcoin tried to break above the descending trendline but faced rejection and pulled back lower. The recent bounce from the lows still appears to be a corrective move rather than a strong bullish reversal, which makes the bullish scenario less convincing for now.
📊 Key level to watch: $63,227
As long as BTC stays above this support, the bullish momentum remains alive. A breakdown below this level could increase bearish pressure and change the market outlook.
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