BTCUSD 4H - Bitcoin Range Break | Testing $62,600 Support After Bitcoin / U.S. dollarBITSTAMP:BTCUSDTrendVertexThis is the Bitcoin / U.S. Dollar - BTCUSD 4-Hour chart on Bitstamp with manual levels marked. Chart Analysis: 1. Range + Descending Trend: BTC has been trading in a big range. A descending "Range" trendline is coming down from the ∼$66,400 highs. 2. Failed Breakout: Price made a pink rising channel, broke up to test "Resistance" near $65,200, then got rejected hard. 3. Current Price: Now trading at ∼$62,600 - right above the major "Support" zone at $62,000 - $62,200. That's a key area marked on chart. 4. Structure: Multiple "Boss" supply zones were marked earlier. We failed at resistance and now in a pullback. "Target point" is marked around $64,000 if it bounces. Key Levels to Watch: - Resistance: $64,800 - $65,200 - Recent high + descending trendline. Break above needed for bullish continuation - Support 1: $62,000 - $62,200 - Major horizontal support. Must hold for bulls - Support 2: $61,000 - If $62K breaks, next downside target Bias: Short-term bearish pressure while below $65,200. Holding $62,000 keeps the range alive. Losing $62,000 on 4H close likely sends BTC to test $61,000. Bounce from here could target the "Target point" at ∼$64,000. Educational only. Not financial advice. Always manage risk