BTC has been hovering within a narrow range marked in red around the $60,000 - $62,000 support zone.

Scenarios:

1️⃣ Bullish - Accumulation

For the bulls to take full control again, a break above the upper bound of the range is needed.

2️⃣ Bearish - Short Buildup

In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the lower bound of the orange channel around $55,000.