62.5k–65k: Don’t Let This Range Fool YouBitcoin / US DollarCOINBASE:BTCUSDinchartswetrustGood morning, traders ☀️🌴 On Friday, when Bitcoin was trading around 62,500, I said that “I don’t expect the correction to continue toward 60,800 and 60,000,” and also noted that “if Bitcoin manages to hold the current levels during the U.S. session, I expect another attempt to break 65k in the very near term.” 🎯 That is exactly what we saw on the chart: a move to 64,918 on Saturday, followed by a push to 65,050 during today’s Asian session. ✅ Those targets have now been reached, so let’s focus on the next ones. 🦬🚀 If Bitcoin breaks above 65k and secures a convincing close above the level, I expect the rally to accelerate toward 67,600. I’ve mentioned this level many times before, but repetition is the key to success😵💫💰 “67,600 is the next major horizontal resistance, originally formed in February–March 2026 and confirmed once again in June.” 🐻🧨 The bearish scenario, however, remains unchanged. If the correction regains momentum and Bitcoin starts trading below the 4H EMA 200 (currently around 63,850), the key support levels remain: • 62,500 – Major support where Bitcoin has been consolidating since early June. • 60,800 – Local horizontal support. • 60,000 – Strong horizontal support. One more thing I’d like to add. Don’t let this beautiful 62,500–64,890 range, with its almost perfect reactions at both boundaries, lull you into a false sense of confidence. Despite the clean rejections from the upper boundary, price can easily bounce from the 4H EMA 200 and quickly continue toward 67,600. For that reason, I strongly discourage blindly shorting the top of the range or longing the bottom. ❗️Consolidation ranges like this are often observation zones before a larger move unfolds—not trading zones❗️ Peace, everyone 🌄 ⚠️ Disclaimer: All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risks and make decisions independently.