【67,000 stuck and unable to break through—top or the eve of a breakout】



Many people see BTC stalling around 67,000 and start shouting “the top.” But from the 4-hour chart, this looks more like the last checkpoint before a breakout.

So far, the price has tested the descending trendline multiple times in succession. Resistance is still there, but each push is draining the shorts’ ammunition.

A truly strong market has never been a single bullish candle that shoots straight up. Instead, it repeatedly churns and consolidates at key levels, constantly changing hands, and then suddenly breaks out.

As long as support at 65,500 holds, this still counts as consolidation within an ongoing uptrend. When everyone feels it can’t go higher, a breakout is often not far away.

Focus on 67,200.
A breakout looks like 70,000 ahead; if not, continue ranging.

Old Jin still keeps his original view:
A pullback isn’t the end—it’s stockpiling supplies to rally for the next northward advance.
BTC-1.14%
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