Continuing from the chip structure perspective $BTC short-term levels

When Bitcoin surged this time, it actually left behind a few unclean chip pits, like 73296 and 72891, which have already been conveniently filled by the market. Now that the price has moved to around 71500, it essentially enters a larger accumulation zone, similar to the area where the main players initially focused on buying.

According to the usual pattern, it’s unlikely to hit a point and then just move away; more likely, it will probe downward again, sweeping through the lower edge at 71200, and thoroughly handling the areas that need to be washed out or exchanged hands.

The current market situation is quite clear: the main players on the upside have basically finished their distribution, but there’s no obvious large-scale institutional continuation below, so the price naturally tends to slide downward, seeking support and a new chip balance zone.

Therefore, this wave is more like returning below 71500 to reorganize the structure; the chance of piercing through 71200 is not small, but it doesn’t mean a collapse is imminent—more likely, it will be a consolidation phase.

The overall direction is temporarily fine; the value center remains stable, but in the short term, without major players leading the rhythm, the price can only fluctuate around 71700-71200, waiting for the next wave of funds to give direction.