$BTC - Market Update (7/17)Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PTealstreetBTC is once again testing the same trouble zone around the mid-65k region, marking the second rejection from this supply area. While buyers have done a solid job defending the higher lows, price continues to compress beneath resistance, showing that momentum is building but a decisive breakout is still missing. As long as we're trading below this zone, I'd remain cautious. Repeated failures here increase the odds of another rotation lower. For now, 62.7k remains the critical support. This level has acted as the foundation for the current structure, and losing it would invalidate the recent higher-low sequence. If 62.7k fails to hold, I'd expect price to revisit the 60k-59k demand zone.