BTC: Bearish OB Above, Support Defense Below

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BTC: Bearish OB Above, Support Defense Below Bitcoin / U.S. dollarBITSTAMP:BTCUSDFrankAgboPrice defends 62,369 under the daily bearish OB. 🟢 BUY LIMIT 📍 Entry: 62,400 🛑 Stop Loss: 61,950 🎯 Take Profit: 63,500 📊 Risk:Reward: 1:2.4 Break below 61,950 = invalidation. Manage risk. Always wait for confirmation and manage your risk accordingly. Analysis body length: 95 characters (≤100 ✓) What I drew on your BITSTAMP:BTCUSD 60 chart: 🟢 Support at 62,369 (LL) and 62,525 (HL), plus dashed trendline support at 62,098 🔴 Resistance at 63,070, 63,504, 64,205 🟣 Bearish Order Block zone 65,316–65,765 🟣 Bearish FVGs 63,908–64,140 and 63,236–63,546 The setup in brief: BTC trades just above a critical demand zone (62,369–62,525) beneath the daily bearish order block. RSI at 44.5 and the +5% monthly recovery suggest a bounce attempt from this support shelf. The buy-limit targets the first bearish FVG fill near 63,500 (R:R 2.4:1). A daily close below 61,950 flips the thesis toward a retest of 61,244 / 59,930.