On the BTCUSD M15 chart the market has transitioned from a sharp down‑trend (mid‑June lows near 62300) into a tight consolidation around the 62700‑63000 band. The last three candles (≈ 07:30‑09:00 UTC) show a bullish engulfing‑type pattern: price opened near 62700, pushed to a high of 62948, then retreated to a close of 62713, while volume fell from 6.3k to 2.3k, indicating diminishing selling pressure. Key technical zones emerge: a strong support cluster around 62800‑62840 (the recent low of 62836) and a resistance ceiling near 63900‑64200, where prior swings stalled. The price is now above the 62800 support, and the…

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