Bitcoin, Technical Analysis – H4

Bitcoin is currently testing a strong inclined support zone around $63,500 — a critical level for the asset. The situation is highly balanced, with roughly equal probability of either a bullish rebound or a breakdown with a further decline of around $2,000 toward the $61,500 area.

Key Levels:

□ 63,500 (strong inclined support / key decision level)

□ 61,500 (primary downside target)

□ 65,000–66,000 (near-term upside target)

Primary Scenario:

Decline toward $61,500.

Alternative Scenario:

Bounce upward from $63,500 and recovery toward $65,000–$66,000.

Analyst Commentary:

Additional confirmation is required before taking a position in either direction.