#BTCRebound

Bitcoin has shown signs of a rebound after dipping to the $61,000–$62,000 support zone. This level coincides with the 200-day EMA and a key Fibonacci retracement from the Q1 rally, indicating strong technical support. The recent bounce has been accompanied by a slight uptick in trading volume and a neutral-to-bullish RSI near 52, suggesting momentum is recovering. MACD is showing a potential bullish crossover, reinforcing the rebound thesis.

On the 4-hour chart, BTC has broken above a descending trendline, which may trigger short-term bullish continuation if it sustains above $64,500. However, the $66,800–$68,000 range remains strong resistance. A clean breakout above this range with volume could confirm trend reversal.

Overall, BTC’s technical setup favors a cautious bullish outlook, but confirmation through increased volume and sustained higher lows is critical for a full recovery. Macro events like Fed signals or ETF flows may further influence direction.