Bitcoin’s recovery has given bulls something to work with again, but traders are still treating the move as a level-by-level test rather than a clean return to euphoria.View original TradingView chartTL;DRTradingView analyst kiv1n mapped a BTCUSDT long setup using liquidation levels, with an optimized target near $67,450.That Martini Guy said Bitcoin reclaiming $63,500 after a higher low near $62,400 makes it harder to stay aggressively bearish.The key level across the bullish case is whether BTC can hold the reclaimed $63,500 area.A failed hold would weaken the long setup quickly, especially after recent liquidation-driven volatility.Liquidation Map Points To A Higher TargetA TradingView idea from analyst kiv1n framed Bitcoin’s current setup through liquidation mapping rather than a simple support-and-resistance plan. The original setup used a $63,700 entry, $66,900 take-profit, and $62,400 stop-loss. After adjusting the plan around liquidity clusters, the analyst moved the entry to $63,450, raised the exit to $67,450, and tightened the stop to $62,800.The reason for the adjustment was liquidity. The analyst argued that the original stop sat awkwardly between liquidation zones, while the revised stop sits below a localized cluster of long liquidations around $62,953. In that view, a break below $62,800 would suggest the market is not just dipping but likely flushing deeper.The revised upside target was also more aggressive. Instead of exiting at $66,900, the analyst pointed to a larger liquidity magnet around $67,559 and set the target just below it at $67,450. The goal is to front-run the area where a short-squeeze cascade could begin to lose momentum.$63,500 Becomes The Line Bulls Need To DefendThe same level also appeared in commentary from That Martini Guy on X. He noted that Bitcoin was trading around $64,300 after reclaiming the $63,500 support zone, arguing that many traders had become too convinced the earlier breakdown was real.His point was not that Bitcoin has already confirmed a major breakout. It was that BTC formed a higher low around $62,400, reclaimed the failed support area, and then started grinding higher. That is exactly the sequence bulls needed to see after sentiment flipped bearish.In that view, the previous range high around $67,200 remains the next major level to watch. As long as $63,500 holds, the short-term structure is harder to dismiss.The Setup Still Needs ConfirmationThe bullish case is not risk-free. A liquidation-map setup can fail quickly if the market sweeps the wrong side first, and a reclaim only matters if buyers defend it on the next pullback.That makes the $62,800–$63,500 zone especially important. Hold above it, and the market can keep pressing toward the $67,000 region. Lose it, and the recent rebound starts to look like another failed recovery attempt.For now, the bullish read is simple: Bitcoin has reclaimed a key level, short-side liquidity may be sitting higher, and traders are watching whether buyers can turn a relief bounce into a squeeze.This article was written by the News Desk and edited by Samuel Rae.This article is based on technical analysis shared on TradingView by kiv1n, available at at the source