BTC/USD Consolidates After the Sell-Off Bitcoin / U.S. dollarBITSTAMP:BTCUSDYong726BTC/USD Consolidates After the Sell-Off — Accumulation Phase or Another Bearish Setup? BTC/USD is currently trading in a recovery range after the sharp decline from the upper 70,000 area. The strong sell-off pushed the price toward the 60,000 region, where buyers stepped in and created a short-term base. Since then, Bitcoin has been moving sideways between support and resistance, showing that the market is no longer in a clean one-way decline, but buyers have not yet confirmed a strong bullish reversal either. From a market structure perspective, BTC/USD is still in a bearish-to-neutral structure on the 4H chart. The previous downtrend created lower highs and lower lows, and although the price has bounced from the lower zone, the recovery remains limited below the key resistance area. This suggests that Bitcoin is now in a decision phase: buyers are trying to build accumulation, while sellers are still defending the upper range. The first key resistance zone is around 65,500–66,500. This area has recently capped the recovery attempt and is the first level that buyers need to break to regain momentum. Above that, the stronger resistance zone is around 67,500–68,500. A clean break above this region would suggest that the market is shifting from recovery into a stronger bullish continuation. On the downside, the first key support zone is around 63,000–62,000. This area has acted as a short-term demand zone after the recent rebound. If Bitcoin holds above this level, buyers may continue to defend the current range. Below that, the stronger support area is around 60,000–59,000, which remains a major psychological and structural support zone. For the bullish scenario, BTC/USD needs to hold above 63,000–62,000 and break above 66,500 with confirmation. If buyers can push the price through this resistance zone, Bitcoin may extend toward 67,500–68,500. A sustained move above 68,500 would improve the structure and open the door toward 70,000–72,000. For the bearish scenario, rejection from 65,500–66,500 would show that sellers are still defending the rebound area. If the price then breaks below 63,000 and loses 62,000, downside pressure may return quickly. In that case, the next targets would be 60,000–59,000, and a deeper breakdown could expose 58,000–56,000. Market sentiment is currently neutral but fragile. The aggressive selling pressure has slowed, and buyers are attempting to stabilize the market. However, Bitcoin is still trading below major resistance, so the recovery remains unconfirmed. A breakout above 66,500 would strengthen short-term confidence, while a break below 62,000 would put sellers back in control. Right now, confirmation matters more than prediction. Above 66,500, recovery momentum may return. Below 62,000, bearish continuation becomes more likely. What do you think? Will BTC/USD break above 66,500 and recover toward 68,500–70,000? Or will sellers defend resistance and push Bitcoin back toward 62,000 and 60,000? Share your view below — accumulation before recovery, or another bearish continuation?