As long as BTC remains below this confluence area, the current move can be considered a relief rally. A clean breakout and acceptance above the trendline and supply zone would shift momentum bullish; otherwise, rejection from this zone could lead to another revisit of the 63K demand region.
$VIRTUAL VIRTUAL trading inside a clean ascending channel, respecting both trendlines with higher lows structure intact. $VIRTUAL is pushing toward the upper boundary with momentum picking up, but still technically within the channel range.