Bitcoin is moving sideways around 64,200 after the previous uptrend, but the H1 structure is still quite positive as the price continues to move inside the rising channel.

What I pay most attention to right now is that the 63,900–64,300 zone is still holding well, while the recent corrections have not broken the short-term upward structure.

A better scenario is that BTCUSD retreats further to the support zone, slightly sweeps liquidity and then shows a buying reaction again.

If the price holds 63,900 and then regains 64,400–64,500, the possibility of continuing to increase will become clearer, initially aiming for 65,000, then the main target area around 65,900.

In terms of macro, the context is currently only slightly supportive for Bitcoin as yields and USD have cooled in recent sessions.

As long as this support is not lost, I am still leaning towards an uptrend.