BTC STILL STRONG ?

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BTC STILL STRONG ?Bitcoin / US DollarCOINBASE:BTCUSDTheQuantRoomBitcoin is currently trading inside a discount zone after a strong impulsive move from the recent lows. Price has retraced into a key Fibonacci support area between the 0.5 and 0.786 levels, while holding above the major demand zone around 63.8k, keeping the broader bullish structure intact. 📈 Bullish Confluences Price is retracing into a high-probability buy zone after a strong expansion higher. Confluence between the 0.618 - 0.786 Fibonacci retracement and the demand area. BTC remains above the lower VWAP deviation, where buyers previously stepped in aggressively. Recent pullback appears corrective rather than impulsive, suggesting profit-taking rather than a trend reversal. Liquidity remains resting above the previous highs around 65.9k, providing a natural upside target. 🌎 Macro & Fundamental Context Yesterday's FOMC initially created volatility across risk assets, but Bitcoin has shown resilience compared to gold and traditional safe-haven assets. The market continues to price in a favorable liquidity environment over the coming months, supporting demand for risk assets such as cryptocurrencies. Additionally, institutional flows remain constructive, with BTC maintaining its bullish medium-term structure despite short-term post-FOMC volatility. 🎯 Trade Idea Entry: 63,800 - 64,000 (buy zone) Stop Loss: Below 63,250 Targets: TP1: 64,700 (first liquidity target) TP2: 65,000 TP3: 65,985 (Buy Side Liquidity) 🧠 Market Narrative The current retracement offers an opportunity for buyers to accumulate within a discount zone before a potential continuation higher. As long as Bitcoin holds above the 63.8k demand area, the path of least resistance remains to the upside. A successful defense of this zone could trigger a move back toward the previous highs and eventually the buy-side liquidity resting near 66k. Bias: Bullish 📈 Buying the discount zone 🔥 Invalidation: Sustained break below 63.8k 🚫 Targeting Buy Side Liquidity at 65.9k+ 🎯