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Everyone thinks we’re heading straight to the moon, but the chart is whispering something else.
$BTC is sitting right at $72,700 and honestly, it’s looking a bit heavy. We’ve had a nice recovery from that $65k dip, but check out those recent daily candles. We’re struggling to clear the $73,500 resistance zone.
Volume isn't exactly screaming "breakout" yet either. If we can't close decisively above $74k soon, I wouldn't be surprised to see us sweep the liquidity back down near $70,900.
The bulls really need to step up here or this just becomes a lower high on the macro. I’m staying patient and watching how we react to this local range.
Are you longing for this breakout or playing the rejection? I'm keeping my stops tight because this area is a total battlefield.
#GateSquareAprilPostingChallenge