Bitcoin is back testing the level that mattered most.
The $61,000 reclaim zone was recovered after the flush into $59,000 support.
Now we're losing momentum right back into it.
That's the key area on the chart.
If bulls can defend this zone and hold it as support, I still think a move back towards $63,500 remains on the table.
But if we lose $61,000 again, this starts looking less like a reclaim and more like a temporary bounce after the liquidity sweep.
In that scenario, I’d expect the market to start looking back towards the $59,000-$59,500 support region.
For now, everything comes down to whether buyers can hold this level.
Nothing else really matters.
