On the H1 chart for BTCUSD, the price has formed a clear bullish reversal pattern following a prolonged consolidation phase. The recent low at 62326.3 acted as a critical support level, with the price rebounding strongly from this area, indicating potential buying momentum. The close at 62701.35 aligns with the bullish engulfing pattern observed in the prior candles, where higher closing prices and increased volume suggest a shift in market sentiment. Key resistance levels at 63054.9 and 63238.5 are now being tested, with the current structure showing strong bullish momentum. The volume spikes on the breakout candles (notably 1781820000 and…

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