BTCUSD H1: Bitcoin Is Targeting a Stronger RecoveryBitcoinOANDA:BTCUSDMarcus_lawsonBitcoin previously confirmed a breakout above the descending trendline. More importantly, price did not fall back below the trendline after the breakout. Instead, buying pressure quickly appeared above this area, suggesting that the former resistance is gradually turning into support and creating a foundation for a short-term recovery. Selling pressure is also beginning to weaken, as the latest declines no longer carry the same momentum as before. Price is attempting to reclaim the short-term EMA zone, and if buying pressure remains strong, Bitcoin could extend its recovery toward the resistance area above. In the short term, I prefer the scenario where price continues to hold above the broken trendline and moves toward the 63,500–63,900 area. The recovery outlook will only be invalidated if Bitcoin loses this support zone again and closes below the trendline. This is only my personal view based on technical analysis. Wishing you successful trading!