BTCUSD H1 ANALYSIS

BTCUSD H1 Analysis

BTCUSD has reached a key support zone after a sharp bearish move. Price is reacting near the Fibonacci retracement support and showing signs of a potential bullish rebound. A successful hold above the current low could trigger a recovery toward the 61.8%–78.6% Fibonacci resistance area. However, a break below support may extend the downtrend.

Bias: Bullish Recovery Above Support

Key Resistance: 60,500 – 62,300

Key Support: 58,700 – 59,200

Trade with proper risk management. This analysis is for educational purposes only and not financial advice.