BTCUSD — 0.786 Retracement Meets Major SupplyBitcoinOANDA:BTCUSDXau_InsightssBitcoin is currently trading around 64,900 and showing bullish momentum after recovering from the recent lows. Price is approaching a major Daily Supply zone around 69,625–71,500, where the 0.72 and 0.786 Fibonacci retracement levels provide additional confluence. The 0.786 level around 70,716 sits directly inside the marked supply area, making this a key zone to monitor. The expectation is for price to potentially push higher, take the liquidity around 67,000+, and reach the Daily Supply before looking for a meaningful bearish reaction. If the supply zone holds with confirmation, the larger downside objective remains around 57,725. Key Levels: • 0.618: ~67,939 • 0.72: ~69,625 • 0.786: ~70,716 • Daily Supply: ~69,625–71,500 • Major Low: ~57,725 Waiting for confirmation at the supply zone rather than chasing the bullish move. Not financial advice. Trade at your own risk.