$BTC is trapped between two levels, and the market is pretending it is not.


$74,804 is the ceiling. Every rally has been sold there.
$64,961 is the floor. The only thing standing between here and $58,000.
Current price: $71,209. Sitting in the middle of that range with thin volume and no conviction in either direction.
The honest chart read:
November peak at $125,000. Sold off to $63,000. Recovered to $99,000 in March. Lower high. Sold off again to where we are now.
Every recovery since November has printed a lower high.
That is the structure. It does not care about your conviction.
Two scenarios from here:
Reclaim $74,804 with a strong daily close and $80,000 comes back into play fast.
Lose $64,961 and the next real support is $58,000 to $60,000.
There is no comfortable middle ground on this chart.
The daily close is everything right now.
BTC-5.87%
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