Bitcoin, Technical Analysis – H4

Bulls successfully defended the psychological $60,000 zone, establishing the foundation for an upward technical correction. The potential target of this retracement is the $67,500 area; however, its realization requires a breakout through the challenging resistance cluster around $64,000.

Key Levels:

□ $60,000 (psychological support)  

□ $64,000 (key resistance cluster)  

□ $67,500 (correction target)

? Primary Scenario:

Break and consolidation above $64,000, followed by further advance toward $67,500.

? Alternative Scenario:

Prolonged and complex consolidation below $64,000, signaling buyer exhaustion.

⚖️ Analyst Commentary: 

Even if an upward swing toward $67,500 materializes, it would still be premature to declare the end of the broader downtrend.