$BTC Bounce From the Blue Box, Now Watching Resistance ZonesBitcoin / TetherUSBINANCE:BTCUSDTTrader_Gemini BTC is now bouncing from the blue box discussed earlier. This area was not just a random support zone. It was the area where BTC broke out of the descending channel, re-entered the channel, and then completed a retest. Because of that, I viewed this zone as a meaningful short-term reaction area. Now the focus shifts to the red boxes above. Blue box reaction: The blue box has produced a bounce. This keeps the short-term upside scenario alive for now. As mentioned before, as long as the 61.3K key low is not broken, I think the upside scenario should not be ignored. This does not mean BTC is fully bullish. It simply means there is still room for short-term upside response. Resistance zones: The red boxes above are possible resistance zones. However, I do not treat these boxes as automatic short entries. These are areas where I want to pay attention, set alerts, and watch the real-time reaction. For a short setup to become meaningful, I would want to see additional evidence, such as: Elliott Wave structure Fibonacci reaction RSI divergence Volume reaction Candle behavior Without that confirmation, the red boxes are only potential resistance zones, not guaranteed reversal areas. Key levels: Personally, I think the 63K area can act as the first stronger resistance zone. If BTC pushes higher and breaks the upper side of the channel, then the 64K area becomes the most important resistance zone for me. If BTC breaks above 64K, I will consider the upside scenario to be playing out more clearly. Trading view: The red boxes can be useful in two ways. For new shorts, I would approach them more conservatively and wait for confirmation. For existing longs, these zones can be considered as partial profit-taking areas. That is the main difference. A resistance box does not mean “short immediately.” It means watch for reaction, collect evidence, and respond if the setup becomes clear. Conclusion: BTC bounced from the blue box, and the short-term upside scenario is still alive while 61.3K holds. Now the key is how price reacts around the red resistance zones. I am watching 63K first, then 64K if the channel high breaks. This is a market structure analysis, not financial advice.