Just been watching the bitcoin price action these past few weeks and something interesting is happening. Back in early February, BTC was bouncing hard off those oversold levels around 69k, but now we're sitting way higher at 80.9k. The move has been pretty wild, honestly.

What I'm noticing is that we're still dealing with some conflicting signals across different timeframes. The shorter term charts have been showing some bullish energy, but the bigger picture monthly chart is telling a different story with momentum starting to fade. This kind of situation usually means we're in some kind of consolidation or relief bounce within a larger trend.

The way I see it, there are two scenarios playing out. Either we continue grinding higher and break through key resistance around 72k, or we get rejected and pull back to find support. The liquidation levels are still important to watch because that's where the real volume tends to show up.

For trading, I'm watching for volume confirmation at resistance zones. If we get a strong bearish signal with volume spike, that could be a decent short setup targeting those lower support levels. But if we close above resistance with conviction, that changes the whole thesis.

Bottom line: the bitcoin price movement we saw back in February was just part of a bigger picture. Right now I'm staying flexible and waiting for clearer confirmation before committing to a direction. Key levels to watch are 72k on the upside and 68.3k on the downside.