Bitcoin is showing signs of life after weeks of bearish pressure. +1.71% on the day, currently at 61,524, after bouncing from support at 59,593 and hitting a high of 62,201. 24h volume is solid at 223.8M USDT, suggesting this move has some conviction behind it.

The 8h chart shows an attempted recovery from the 58,000 low we saw in late June, and price is now testing the 61,500 zone which acted as resistance in recent days. RSI is in mid-range, neither overbought nor oversold, and the MACD is starting to show a slight bullish crossover on lower timeframes. It's not an explosion, but it's a relief. 😮‍💨

Immediate resistance sits at 62,200, and if Bitcoin manages to close above that with volume, the next level would be 63,500 and then the 64,000 zone. On the downside, key support remains at 59,500, and if that breaks, the next floor is 58,000.

The macro context is still uncertain, but this bounce from the lows is stronger than the previous ones, suggesting sellers are getting tired. That said, Bitcoin has had several "false dawns" in recent weeks, so better not get too comfortable. Volume on the last few candles shows some accumulation, but no euphoria yet. 🤔

Short-term signal (4H–1D):

🟢 Long entry: 61,000 – 61,300 (pullback to recent support)

🛑 Stop loss: 60,200 (below the previous candle's low)

🎯 Take profit 1: 62,200 (retest of daily high)

🎯 Take profit 2: 63,500 (extension if momentum continues)

Bitcoin is in that phase where patience is key. If you enter, do it with a moderate position and tight stops. If price breaks above 62,200 with fresh volume, you can add. If it loses 60,500, better to exit and wait.

The market is giving mixed signals, but the structure is improving. Let the chart confirm before pulling the trigger. 👀

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