(If) 62.5k Holds Again — Eyes Back on 65kBitcoin / US DollarCOINBASE:BTCUSDinchartswetrustHey traders!🌴 After yesterday’s failed attempt to establish itself above 65k, Bitcoin started a correction, initially not very convincingly but gradually gaining momentum 🔪 Yesterday I warned: “If the correction gains momentum and starts breaking below both the 4H EMA 200 and EMA 100, the key support levels remain unchanged: - 62,500 — Key support level where price has been consolidating since early June ✅ - 60,800 — Local horizontal support - 60,000 — Strong horizontal support” Unfortunately for the bulls, Bitcoin did break below both the 4H EMA 200 and EMA 100, activating this bearish scenario and correcting all the way to the first key support at 62,500 ✅, where it has since produced a fairly confident bounce. 🐻🪓 As long as I continue to see this type of reaction and no confirmed break below 62,500, I do not expect the correction to extend toward 60,800 or 60,000. 🦬🚀 Moreover, if Bitcoin manages to hold the current level during today’s U.S. session, I expect another attempt to reclaim the 65k level in the very near term. Peace everyone 🌄