Bitcoin has staged a sharp recovery by breaking above the long-term descending trendline and the $66.5K resistance zone, reaching around $72,000. The next significant resistance zone lies between $72,000 and $74,000, while the former $66.5K level now represents a key support area to monitor in case of a pullback. The daily structure has shifted from a sequence of lower highs to a potential bullish reversal. On-chain analysis shows the recovery is accompanied by renewed activity from larger futures market participants, which constitutes a constructive signal.
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