Price bounced off $62,200 support, now consolidating at $63,400Bitcoin / TetherUSBINANCE:BTCUSDTStrixEDGEBTCUSDT 1H — Range structure intact. Price bounced off $62,200 support, now consolidating at $63,400 with eyes on $65,800 resistance. BTC sold off sharply into the $62,200 demand zone on July 14, met heavy buying volume, and ripped back toward $65,100. That level rejected, and price has now pulled back to $63,400 — still holding higher-low structure above the range floor. 📍 Key Levels: Support: $62,200 Resistance: $65,800 📌 Entry: $63,400 (current consolidation zone) 🛑 Stop Loss: $61,800 (below support + buffer) 🎯 TP1: $65,100 (previous swing high) 🎯 TP2: $65,800 (range ceiling) 📐 R:R: 1:1.5 (to TP2) 🔍 Why this setup: The $62,200 support held on a volume spike — the heaviest bars on this chart printed during that sell-off and bounce, confirming real buyer interest at the level. Price has reclaimed mid-range and is building a base. The range is clean: defined floor, defined ceiling, and price is closer to the floor than the ceiling. That asymmetry favors longs. I'm watching $64,300 as the short-term inflection — a reclaim there likely accelerates the move toward $65,800. A break below $62,200 invalidates the entire setup.