BTCUSD has formed a clear double-bottom pattern around the 62,400 area, showing that buyers successfully defended this support zone twice. After the second low, price rebounded strongly, reclaimed the 63,600 level, and continued trading above the short-term moving averages.

What stands out is that the price structure is gradually turning more positive, with higher lows forming and buying interest continuing to appear during pullbacks. This suggests that selling pressure has weakened considerably, while buyers are steadily regaining control.

If the 63,600–63,800 support zone continues to hold, I expect BTCUSD to extend its upward move toward the 64,970 target. On the other hand, if price falls back below this support area, the double-bottom pattern will weaken and the risk of a deeper correction will increase.

This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.

Wishing you successful trading!