BTCUSD: Bitcoin Rebounds From 59,100 but Bears Still Control the

BTC has recovered part of its recent losses after dropping to a multi-month low near 59,100. Price is now holding around 65,686, but the broader structure still looks corrective rather than bullish.

The key level for bulls is 67,000. A confirmed breakout above this zone could open the way toward 74,700 and signal that buyers are starting to regain control.

On the downside, 63,200 is the main support to watch. If BTC breaks below this level, bearish pressure could return quickly, with the next target at 56,000.

Technical indicators still favor sellers. The Alligator fast EMAs remain below the signal line, while the AO histogram stays in negative territory. This suggests that the current rebound may be limited unless price breaks above resistance.

Key levels to watch
Resistance: 67,000, 74,700
Support: 63,200, 56,000

Bearish setup: below 63,200 → 56,000
Bullish setup: above 67,000 → 74,700

As long as BTC remains below 67,000, the short-term recovery looks fragile and the bearish trend remains active.