BTCUSD H2: Potential target, sellers dominate!

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BTCUSD H2: Potential target, sellers dominate!Bitcoin / U.S. dollarBITSTAMP:BTCUSDAllison_LutherXOn H2, BTCUSD is still moving in a large upward channel and has just bounced up from the lower border around 63,800–64,100 USD. RSI is pointing up, showing improving short-term buying pressure. However, ahead is the strong resistance zone of 66,200–66,900 USD, where the previous uptrend was sold down and formed a clear correction phase. The main scenario is that BTC continues to hold above 65,000 USD and extends its recovery to the range of 66,200–66,700 USD. If the price approaches this area but fails to close H2 firmly above, the rejection signal could pull BTC back to test the $64,000–64,600 support zone, with a notable mark around $64,507. The weakness of the setup is that the current momentum is tilted upward, so selling early when the price has not yet reached the resistance can easily get caught up in the breakout rhythm. At the same time, buying close to 66,200 USD also does not have a good risk ratio. The correction scenario will lose its validity if BTCUSD closes H2 clearly above 66,900 USD and holds this zone as support.