$BTC — Compression Above High-Demand Zone
Bitcoin is currently rebounding from a clearly defined high buying pressure zone around the 62.8k–63.5k region. The reaction from this area was sharp and impulsive — a strong sign that demand absorbed the sell-off.
What We’re Seeing Structurally:
• Price tapped major demand and printed a strong bounce
• Buyers stepped in aggressively (long lower wicks + expansion candles)
• Selling pressure weakened after liquidation cascade
• Price is now reclaiming short-term structure
The chart shows a broad compression between a descending trendline (macro resistance) and rising local support. This creates a tightening structure — typically a precursor to expansion.
Why This Matters
The recent sell-off failed to create continuation lower despite panic momentum. Instead:
Buy pressure > Selling pressure
That shift in order flow is key.
If Bitcoin sustains above 65k and continues building higher lows, the probability increases for a breakout attempt toward the descending trendline near 68.5k–69k.
A clean breakout above that compression would likely trigger acceleration toward the 70k region.
Key Levels to Watch
• Demand: 62.8k–63.5k (major support)
• Reclaim Zone: 65k–66k
• Resistance Trendline: ~68.5k–69k
• Breakdown Invalidation: Sustained move below 62.8k
The structure is no longer impulsively bearish — it’s transitioning.
Now the question becomes:
Is this accumulation before expansion… or just a relief bounce?
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