🚀 $BTC /USDT: Bounce From Key Support — Is $65K the Next Target? 📈

$BTC recently broke down from a well-defined ascending channel, losing a major support structure and confirming short-term bearish pressure. The rejection from a critical pivot region, combined with a break below the descending trendline, accelerated the decline toward a strong demand zone.

Since reaching the $61.5K support area, Bitcoin has started to stabilize and form a new pivot low. Price is now gradually recovering while following an ascending support trendline, suggesting that buyers are slowly regaining strength.

However, the main obstacle remains the $65K resistance zone. A decisive breakout above this level could shift momentum back in favor of the bulls and pave the way for a broader recovery. On the other hand, failure to reclaim this area may result in renewed selling pressure and another test of lower support levels.

At the moment, the short-term outlook supports a rebound scenario, but $65K remains the key level that must be conquered before a stronger bullish continuation can be confirmed.

📊 Bulls are attempting a comeback, but the next move will likely be determined by how price reacts around the $65K barrier.