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#BTC
Looking back at the previous analysis: The price rose from 69000 to around 74000, and after testing the previous high, a sharp selloff occurred. The purpose of this selloff is to wash out weak hands. Without breaking key support levels, it's currently viewed as a consolidation range with rapid shifts between long and short positions.
The long positions provided at lower levels are mainly testing the key point from the trendline support to the daily mid-band. Without a downward breakdown, the short-term still maintains upward momentum to test around 74000-75000, which is also a key area where bears are focused on positioning.