Technical Summary :
BTCUSD is consolidating within a symmetrical triangle after recovering from the 63,620 support zone. Price remains trapped between rising support and descending trendline resistance, indicating a breakout is likely to determine the next directional move.
Bullish Scenario:
A decisive breakout above the descending trendline and 64,120 resistance could attract fresh buying interest, opening the door towards 64,300, followed by 64,500 and 64,650.
Bearish Scenario:
Failure to hold above the rising trendline and a break below 63,900 could trigger renewed selling pressure towards 63,620. A breakdown below this support may extend losses to the 63,300 region.
Key Levels:
*Resistance: 64,120 | 64,300 | 64,500 | 64,650
*Support: 63,900 | 63,620 | 63,300
Market View: BTCUSD is trading in a neutral-to-bullish consolidation. As long as the rising trendline remains intact, buyers retain a slight advantage. However, confirmation will only come from a breakout above 64,120, while a move below 63,900 would shift the short-term bias back to bearish.
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