Bitcoin Tests Major Supply Zone, Pullback To Buy Zone Eyed

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Bitcoin Tests Major Supply Zone, Pullback To Buy Zone EyedBitcoinOANDA:BTCUSDZenTrade_SetupThe 4H BTCUSD chart shows a clear bullish recovery structure following a sharp decline earlier in the period. After sweeping liquidity and forming multiple CHoCH signals during the downtrend, price found a bottom near the 58,250–59,800 region, leaving behind a Fair Value Gap (FVG) that later acted as support during the recovery. From there, Bitcoin began an impulsive move higher, confirmed by consecutive Break of Structure (BOS) levels, each accompanied by fresh FVGs marking areas of imbalance. This consistent bullish structure pushed price directly into the Major Supply/Resistance Zone between roughly 65,000 and 66,000 — a level that previously capped price action in mid-July. Currently trading at 64,095.5, up 0.85% on the session, price is showing signs of rejection from this supply zone, with the projected path suggesting a corrective pullback is likely. The target for this retracement is the Buy Zone, located between approximately 61,400 and 62,200, which lines up closely with the most recent FVG left behind during the impulsive rally. This confluence of a fresh FVG and the previous demand structure makes the Buy Zone a logical area for smart money to look for renewed buying interest, should price retrace as projected. From a risk management standpoint, the key invalidation for this pullback scenario would be a strong break and close back above the supply zone (above 66,000), which would suggest bulls have regained control and could push for a retest of higher levels. For now, structure favors a short-term pullback toward the Buy Zone, with traders watching for reaction signals as price approaches this key demand area. Do you think Bitcoin will find support at the Buy Zone, or could we see a deeper retracement before the next leg up?