Bitcoin (BTCUSD) experienced volatile intraday trading recently. After an early decline, the price found support at $65,500, which represented our last price target. The strength of this support provided positive momentum, pushing the price to rebound upward and erase its earlier losses, supported by emerging positive signals from the relative strength indicators.

Despite this rebound, negative pressure remains in place as the price continues to trade below EMA50. In addition, a short-term corrective downtrend still dominates, with price movements alongside a trendline supporting this bearish path, which may limit further upside attempts in the near term.