$BTC is showing strong bullish momentum after defending the crucial $58,000 - $60,000 psychological support zone.
The current relief rally looks healthy, backed by short liquidations, but BTC is now approaching a critical local resistance area around $63,000 - $63,500 (aligned with the 20-day EMA).
My view:
Bulls are attempting to regain control of the mid-term trend.
Chasing longs directly into a descending resistance zone isn't my strategy.
I would rather wait for a confirmed daily breakout and hold above $63.5K, or a healthy retest back into local support before forcing any major swing positions.
Sometimes the best trade is staying patient and waiting for the market to confirm the structural shift.
What's your bias on BTC?
🐂 Bullish 🐻 Bearish
#BTC #Bitcoin #Crypto #Trading #futures