Has the reversal started?

The big pie surged from around 62,800 to 66,924 in one go, and you can’t say the momentum is weak. But after it pushed into the vicinity of 67,000, disagreements began to show up.
If it can’t push up, that’s the pressure.
Why is 67,000 so critical? This isn’t a typical level. This is a prior high-volume trading zone, where bulls and bears have repeatedly torn at each other over several rounds. If the price wants to keep moving higher, emotion alone isn’t enough—you need to push it up with real money.
During the earlier tests, it met resistance here every time. After this rally to the highs, it also pulled back again, indicating that the sell pressure overhead is still there and hasn’t been digested yet.
And outside, things aren’t idle either. Oil prices are strengthening, US Treasury yields are pushing higher, and the US dollar has started to rebound. The market has begun reassessing next week’s Fed stance, and risk appetite may be affected to some extent. However, the market won’t simply reverse direction because of one piece of news—the direction is ground out over time, not decided once and for all in a single day.
Next, focus on two key levels: if 67,000 presses down and can’t be pushed through, then the pressure is confirmed; if 65,000 can’t be held, the structure will start to turn weaker.
In the end, the market doesn’t care how lively the news is. What matters is who is willing to dig out real money and step in as the buyer at this level.
Trading isn’t about guessing the top or the bottom—it’s about waiting at key levels for the market to write its own answer. $BTC $ETH