Major support sits between $59,900 and $60,000, with intermediate support layered at $64,000 to $65,000. Resistance is firmly established between $69,500 and $70,000, and any structural shift requires acceptance above $70,000 with expanding participation. Until then, this remains stabilization within a downtrend — not a confirmed reversal.
Zooming into the 1-hour chart, price action shows a sharp flush to $64,258 followed by steady higher lows and a stair-step advance toward $66,000 to $66,500. Intraday support is layered between $65,200 and $65,500, while resistance clusters at $66,800 to $67,000. A strong hourly close above $67,000 would signal short-term expansion potential toward $68,500. However, this intraday strength remains counter-trend relative to the daily structure. In other words, the 1-hour chart is flexing, but the higher timeframes still hold the megaphone.
