๐ BTC is trying to rebound after a heavy drop
$BTC has been moving inside a sharp descending wedge, and the latest reaction from the lower area shows buyers are trying to slow the selloff. The structure is still bearish overall, but the current zone may allow a short-term recovery toward the upper trendline.
Bounce setup:
Support: 62,000 - 62,500
Reclaim zone: 64,000 - 64,500
Upside target: 65,200 - 65,800
Invalidation: breakdown below 61,800
The important part now is whether BTC can turn this reaction into a real recovery attempt. If buyers keep defending the current base, price could climb back toward wedge resistance before the next major decision.
Is this just a relief bounce, or the first sign that sellers are losing momentum?
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