Bitcoin is holding steady between $63,500 and $64,000, trapped below a descending trendline around $66,000. Key support sits at $60,000, with the next major demand zone at $54,000 if that level breaks. On the 4-hour chart, a tightening structure is forming with resistance converging at $66,000-$67,000. Funding rates have turned positive at 0.006%, indicating leveraged long positioning without overextension. The overall structure remains bearish-to-neutral, requiring a decisive breakout to confirm a sustained recovery.
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