Latest Bitcoin Market Update: BTC bounced back from 63,600, bears can't push it down anymore. What's next?

Hey fam, today BTC dipped to 63,600 at its lowest, then quickly bounced back to 64,700—a sharp V-shaped reversal of 1,100 points. This signal is crucial: bears can't push it lower. After the CPI release, BTC spiked to 65,600, then pulled back to digest the move, bottoming out near 63,600. But every dip is being bought up quickly, showing real buying pressure at this level—not just a mirage. As long as 64,000 holds, the probability of a larger-scale rally is building up. From the charts, bearish momentum is shrinking significantly—they can't push it down anymore. The daily candle closed with a long lower wick, forming solid support around 64,000. On the smart money side, while some shorts are still holding on, a few big players have already closed their positions and admitted defeat. Resistance above is at 65,200-65,600. Breaking through that, the next target is 66,000-67,000. But the path won't be smooth—likely a choppy climb with twists and turns. Trading-wise, chasing at 64,700 right now doesn't offer a great risk-reward ratio. The best entry point is a pullback to 64,000-64,300 with stabilization, or waiting for a breakout above 65,200 with strong volume before jumping in. Strategy: Light long positions after a pullback to 64,000-64,300 with stabilization. Target 66,000-68,000, stop loss at 63,200. Keep total position size under 25%, and use low leverage. 63,600 is the bottom. Let the pullback play out first, and wait for a strong volume candle to confirm direction before taking action. #Bitcoin #BTC #ThreeDimensionalTradingAnalysis