BITCOIN BTCUSDTBitcoin/USDTOKX:BTCUSDTShavyfxhubBTCUSDT 4H Chart Analysis – Shavyfxhub Strategy Current Price: ≈ 63,144 Market Structure Price recently found support near the 62,500 – 62,600 zone and is attempting a bounce. Horizontal resistance is visible around 65,200 – 65,400. 65,200 – 65,400 zone (major horizontal resistance) Upper descending channel resistance Intermediate resistance near 64,000 – 64,400 Demand Floor / Support: 62,500 – 62,600 (current demand zone) Rising short-term green support Lower channel demand near 60,000 – 59,000 and below Current Bias Neutral to mildly bullish short-term, but still inside the larger descending channel. Price is holding above the recent demand zone and showing early signs of a bounce. However, the bigger structure remains corrective until the upper channel resistance is broken. Scenarios Bullish scenario: Hold above 62,500–62,600 Break and close above 64,400 – 65,200 Opens the path toward the upper channel resistance and higher Bearish scenario: Failure to hold 62,500 Break below the rising short-term support Targets the lower channel demand around 60,000 – 59,000 Bitcoin is at a key short-term decision point. Holding the current demand keeps recovery potential alive, while a break below it would re-align with the broader descending channel bias