$BTC is showing a constructive structure on the daily timeframe.
Price is consolidating above a key demand zone while compressing beneath resistance near 72K a typical setup seen before directional expansion. A confirmed reclaim of this level would open upside toward the 80K–95K range, aligning with major Fibonacci retracement levels. On the downside, prior sell pressure has already been absorbed with strong buyer response at support, suggesting underlying strength. Current structure favors accumulation over distribution. Monitoring for a breakout confirmation. Shared via @coinexcom #CoinEx
$BTC is showing a constructive structure on the daily timeframe.
Price is consolidating above a key demand zone while compressing beneath resistance near 72K a typical setup seen before directional expansion. A confirmed reclaim of this level would open upside toward the 80K–95K range, aligning with major Fibonacci retracement levels.
On the downside, prior sell pressure has already been absorbed with strong buyer response at support, suggesting underlying strength.
Current structure favors accumulation over distribution. Monitoring for a breakout confirmation.
Shared via @coinexcom
#CoinEx