Bitcoin H1: Support Forms After BOS — Enough Strength to Reverse

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Bitcoin H1: Support Forms After BOS — Enough Strength to ReverseBitcoinOANDA:BTCUSDardian_JoeBitcoin is showing signs of stabilizing again after a positive reaction at the 63,100–63,600 support zone. Instead of continuing to drop, price has repeatedly absorbed selling pressure in this area, suggesting technical buying strength is still present after the earlier sharp decline. On the H1 chart, the price structure confirms a break of structure (BOS) as price broke below the 64,400 zone, paving the way for the decline toward the current support zone. With selling pressure easing here, price could push higher to retest the resistance zone above — the same zone that was previously broken (BOS), now acting as new resistance. The next level to watch is 64,400–64,800, an important zone that could determine whether BTC/USD has enough momentum to continue recovering or gets pushed back down to the lows. Area of interest: Wait for price to hold above the 63,100–63,600 support zone to look for buy signals on the pullback. Invalidation point: If price closes below 63,100, the short-term recovery structure will lose its edge and reopen the possibility of a deeper decline.