Bitcoin Defending Key Monthly Support, But Trend Remains DownBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysis$60,000 Continues To Attract Buyers • Bitcoin has once again found support around the key $60,000 multi-month level, reinforcing it as one of the most important areas on the chart. EMAs Still Favour The Bears • The 100/50-period EMAs remain bearishly crossed, with price continuing to trade below both averages as they act as dynamic resistance. Early Signs Of Bullish Momentum • A slight bullish RSI divergence suggests downside momentum may be easing, while the StochRSI has recovered from oversold conditions, although both indicators still lack strong bullish confirmation. First Resistance Is Now Critical • Bulls first need to reclaim the $61,692 resistance area to complete an initial change of character on the 4-hour timeframe. Until then, this remains a relief rally within a bearish structure. Higher-Timeframe Trend Hasn't Changed • Even if $61,692 is reclaimed, the bigger test remains the daily swing high at $67,292. Only a break above that level would signal a meaningful shift in the higher-timeframe trend. In Summary Bitcoin continues to defend the major $60,000 support zone, giving bulls a platform to build from. However, the broader technical picture still favours caution, with the 100/50-period EMAs acting as resistance and the overall trend remaining bearish. While momentum indicators are showing the first signs of improvement, buyers still have important resistance levels to overcome. Until those levels are reclaimed, this recovery should be viewed as a relief bounce rather than a confirmed trend reversal.