On the 5‑minute chart of BTCUSD the market has been consolidating above the 60,000‑level after a sharp rally from the 62,500 region. The last three candles show higher highs and higher lows, with the most recent bullish candle closing near its high on modest volume, indicating buying pressure is still present. A clear upward bias is supported by a rising 20‑period moving average that now sits below the price, turning the previous resistance at 60,000 into support. The swing low at 59,540 formed a strong demand zone, and the stop is placed just below this level, providing a tight risk‑to‑reward…

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