BTCUSD H3: Downside Slows, Bulls Counterattack?

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BTCUSD H3: Downside Slows, Bulls Counterattack?BitcoinCRYPTO:BTCUSDAmelia-JonesMarket Action: BTCUSD has pulled back to the lower boundary of the descending channel following an extended correction from the peak. Notably, buying pressure emerged right at the channel's support zone, indicating that selling momentum is showing signs of exhaustion. If this area continues to hold, Bitcoin could stage a technical rebound toward the upper resistance levels. Trading Bias: Favor LONG (BUY) setups if the price continues to defend the channel's lower boundary and confirms a bullish reversal signal. The target objective is the 64,300–64,500 zone, which aligns with the near-term resistance and the upper boundary of the channel. Invalidation: The bullish scenario will no longer be valid if BTCUSD breaks below the channel's lower boundary and closes underneath this support zone. This analysis reflects personal views only. Please make your trading decisions based on your own research.