🔥 $BTC – Critical Support Test Before the Next Big Move

$BTC is now testing a major high-timeframe support zone—the same structure that formed the December 2024 reversal and the strong January–February base. Retesting this level again makes the current price action extremely important, and it will likely define the next directional move.

Because of that, staying cautious on the low-timeframes is still the smartest approach. A rejection from this area is totally possible, and if that happens, I’ll scale back into the hedges I trimmed when the early-April blue support range was tested.

But the bigger picture remains bullish. On-chain data, Velo metrics, and funding rates all point toward strong upside in the coming weeks.

The only thing we need to watch closely is short-term volatility. The latest Liquidation Heatmap shows a cluster of overleveraged longs sitting below price—those may get cleared before the next leg up begins.

$BTC ‌

#BitcoinPriceWatch #DecemberRateCutForecast #ReboundTokenstoWatch