🔶 Bitcoin ($BTC) Market Update

Bitcoin is currently consolidating within a local horizontal range, with a short-term relief bounce underway aimed at liquidating over-leveraged short positions. The upside reaction has room to extend toward the key resistance zone near $64,800, which serves as a major overhead supply area where sellers are expected to step in. Once price reaches this level, a structural reversal is anticipated, resuming the broader macro correction with a downside target at the critical support level of $61,000.$BTC #BitcoinNetworkActivityNearAllTimeHigh