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Consolidating at high levels under pressure, bears are gathering strength, and the bottom-fishing opportunity is now clear.
The trend after April 8th, on the 4-hour chart, is the third high-level consolidation zone following the second upward wave, with a clear trend pattern!
On the 4-hour timeframe, it’s clearly visible: the dense trading zone between 72,850 and 73,850, with three consecutive long upper shadow candlesticks, which is the strong resistance I’ve been emphasizing recently—an ironclad top!
Whether or not it can be completely broken below this consolidation range later, the heavy selling pressure above is outrageous, and bulls simply cannot push it up; this is an undeniable fact!
Subsequent price retracement to the lower boundary around 70,500 is almost an inevitable move! As for whether it can break through directly, we just wait for confirmation!
But regardless of whether it falls or not, around 70,500 and the 69,300–69,900 range are unique and strong rebound entry points.
Those who understand, understand—opportunities are only for those who are prepared. #btc