Bitcoin, Technical Analysis – H4

Bitcoin is currently in a consolidation phase ahead of a likely continuation of the medium-term downtrend. Bulls have no convincing arguments for a trend reversal to the upside. Once the sloping support in the $63,000–63,500 zone is breached, bearish momentum could accelerate significantly.

Key Levels:

□ $63,000 (key support)

□ $63,500 (sloping support)

□ $64,500–65,000 (resistance zone)

Primary Scenario:

Continuation of consolidation within the $63,500–65,000 range.

Alternative Scenario:

Breakdown and decline toward $63,000.

Analyst Commentary:

Short positions from the $64,500–65,000 zone appear attractive in the medium term.