Testing Bitcoin / US DollarCOINBASE:BTCUSDpaper_Trader1775BTC is testing high-confluence monthly support around $60K, reinforced by an anchored VWAP (AVWAP) and the floor of an ascending parallel channel. Price action is currently coiling inside a falling wedge within the channel structure. A breakout here will establish the next directional trend, whereas a breakdown below channel support threatens a deeper retracement toward $47K