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Everyone is looking at the 78k rejection, but they’re missing the real story here.
$BTC is basically playing ping-pong between 73k and 76k right now. That massive wick up to 78,333 shows there is some serious selling pressure waiting at the top, but the dip-buyers aren't letting it slide back to 70k just yet.
Looking at the daily candle, we are sitting right in the middle of a local chop zone. The bulls need to hold this 73k floor or things could get ugly fast. If we can't reclaim 76k soon, I’m expecting a bit more sideways boredom before the next big move.
Are you guys actually buying this consolidation or just waiting for a clearer signal? I’m leaning towards patience today.
#WCTCTradingChallengeShare8MUSDT