BTCUSDT Demand Bounce Toward ResistanceBTCUSDT is currently reacting from a well-defined 1H demand zone after an impulsive bearish move. The decline created a clear Change of Character (CHoCH) to the downside, keeping the short-term market structure bearish. However, buyers have stepped in at support, suggesting a relief rally could develop before the next directional move.
From an SMC perspective, the recent sell-off likely swept liquidity below short-term lows and left an imbalance that price may attempt to rebalance. As long as the demand zone around 62.6K–62.8K holds, BTC has room to retrace toward the 63.8K resistance and potentially test the higher supply zone at 64.5K–64.8K.
A bullish confirmation would require a Break of Structure (BOS) above the recent lower high. Failure to hold the current demand zone would invalidate the recovery scenario and increase the probability of a continuation toward the 62.0K higher-timeframe support.
Key Levels
Support: 62.6K–62.8K
Major Support: 62.0K–62.2K
Resistance: 63.8K
Target Supply: 64.5K–64.8K
Bias: Short-term bullish retracement while above demand; overall trend remains cautious until buyers reclaim 63.8K.
Long