BTC Is Holding The Range Low At 62,459.

After Friday's breakdown, BTC found support right at the 62,459 range low and has held it over the weekend, chopping at 62,646. It did not lose the floor, but it has not recovered much either - price is pinned at the bottom of the range with a bearish hourly surface and choppy-bear structure. BTC remains the laggard of the three. Holding the floor, but only just. Neutral.

Resistance: 63,625.81 - the lost shelf, overhead
Key resistance: 64,400.89 - the range mid
Current price: 62,646
Support: 62,459.75 - the range low, holding
Key support: 62,209.81 - the weekend low
Structural floor: 61,250.00 - below the range

Two paths from here:

It holds 62,459 and bounces back into the range. The floor has held through the weekend, and the 4H conviction is neutral rather than bearish. A reclaim of 63,625 would put BTC back in the middle of the range and end the breakdown scare.

It loses 62,459 and the range breaks. A third visit to the floor with a bearish surface is where ranges give way. A loss of 62,459 on a close opens 61,250 and turns the week-long range into a downtrend. The floor is the whole story.

BTC is sitting on the 62,459 floor after Friday's drop - holding, but weak. Reclaim 63,625 and the range holds; lose 62,459 and it breaks. The laggard of the three has the most to prove.

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Study, not financial advice.