$BTC Bitcoin just swept liquidity and bounced from the $63.7K zone.



Bulls managed to defend the key support, but the real test is still ahead.

Holding above $64.2K could open the door for another push toward $65K+.

Losing this level may bring $63.7K back into focus.

Right now, it’s all about patience. Let the market confirm the next move instead of chasing candles.#GateDEXIntegratesWithRobinhoodChain #SummerCreationCamp
BTC1.73%
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DrawdownDiary
· 07-20 11:54
This 63.7K rebound is indeed impressive, but I didn’t dare to chase it until it held above 64.2K.
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MinerOffspring
· 07-20 08:51
In many cases, this kind of rebound after sweeping liquidity is often accompanied by a fake breakout—watch out for a second dip.
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BitcoinPilgrim
· 07-20 08:48
The market is always right. Patience and waiting for signals are more important than blindly rushing in.
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PERatioObserver
· 07-20 08:47
Technically, there does appear to be a rebound need, but the volume isn’t enough. I think it’ll take a while to grind through it—don’t get carried away.
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GasManager
· 07-20 08:47
This spot is awkward for both longs and shorts. If it can’t push above 65K, it may fall back below 63K—be cautious.
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ArtCollector
· 07-20 08:47
I actually think the 63.7K support is quite solid. If it can pull back without breaking it, you could try going long with a small position.
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BarbellStrategist
· 07-20 08:46
Haha, it’s the familiar script again: first smash it down to the support level, then pull it back up to trick people, and finally drop it back down again.
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