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#GateSquareAprilPostingChallenge BTC successfully pushed to the 71K area, but the structure on the smaller time frame is starting to show signs of exhaustion.
The price is currently trading in a strong resistance zone + upper liquidity pool. Usually in this kind of zone, the market often performs a sweep before determining the next direction.
Scenarios to watch out for:
If BTC can break and close strongly above 71K → there is a chance to continue to the next leg (trend continuation).
But if it's just a wick + failure to hold → this could be a liquidity grab and prone to correction to the lower support.
Don't get caught FOMO at the high area.
It's safer to wait for confirmation than to enter at the peak.