BTC Update: Selling Pressure Fades at SupportBitcoin / TetherUSBINANCE:BTCUSDTCIPHERCHART🔍 Technical Analysis (H4 Timeframe) Bullish Signs: On the daily chart, consecutive candlesticks with long lower shadows combined with a Bullish Divergence on the RSI signal that selling momentum is exhausting. Rebound Potential: If buyers successfully defend the current support zone, we can expect a technical rebound to retest the 61K – 62K resistance area. ⚠️ Key Scenarios to Watch The Bull Case: The 61K – 62K zone remains a crucial pivot. BTC needs a strong breakout and a daily close above this level to invalidate the short-term bearish structure. The Bear Case: Conversely, failure to reclaim 61K – 62K will likely confirm a lower high, resumption of the macro downtrend, and a drop toward the major support pocket at 54K – 56K. 🎯 Trading Strategy Action Plan: Wait and watch price action closely around the 61K – 62K cluster. Market Bias: The mid-term bias still leans toward further correction. Risk management is key here, and the 54K – 56K zone remains our primary downside target if the bears regain control.