Bitcoin has completed a very aggressive sell-off from the 90k–95k region and has now moved into a major higher-timeframe demand zone around 60,000–65,000. The drop was fast and impulsive, showing strong panic selling rather than a controlled correction. This type of move usually marks a late phase of a bearish leg, where weak hands are forced out quickly.
Price printed a clear low near 59,850 and immediately reacted upward, which confirms that buyers are active in this zone. The bounce from this level is not random — it comes with extreme fear in the market (fear index near single digits), expanded volume on the sell-off, and long lower wicks on intraday candles. These are early signs of seller exhaustion, not trend reversal yet.
From a higher-timeframe perspective, the overall structure is still bearish. Bitcoin remains well below all major moving averages and previous value areas. Because of this, any upside move from here should be treated as a relief bounce or corrective rally, not a confirmed bullish reversal, unless structure improves significantly.
On the intraday structure,
$BTC is currently in a decision zone. Holding above 63,500–64,000 keeps the recovery attempt alive. Acceptance below 63,000 would signal that buyers are losing control and could open the path toward another test of 60,000–59,000.
Support zones:
63,500–62,800 (immediate intraday support)
60,500–59,000 (major higher-timeframe demand)
Resistance zones:
66,000–68,000 (first relief bounce resistance)
70,000–72,000 (strong supply and breakdown zone)
My suggestion:
I am not chasing shorts deep into this support, and I am not blindly buying expecting a full trend reversal. The correct approach here is patience. If BTC holds above 63.5k and starts forming higher lows on the 15m–1h chart, short-term long scalps toward 66k–68k can be considered with strict risk control. If price fails to hold this base and accepts below 63k, bearish continuation toward the low-60k or high-50k region becomes likely again. Until a clear structure confirms direction, capital preservation is more important than aggression.
#WhenWillBTCRebound #BitcoinDropMarketImpact Trade #BTC Here 👇 👇 👇