BTC closed a 12-hour candle with a third Strong signal for a potential high. The last time such a signal was received was in summer 2025, when the price went on to a new ATH. And in the end, the retest of the high was insignificant, after which the price moved into consolidation in a new price range.

The current situation is different from the past, because, to put it mildly, the price is not near the ATH. And there are resistances above. Although the last three days they did get pierced like oil. But still, in that case it was a completely different market mood.

Note separately that although the price showed a breakout of the liquidity zone 76 653-78 164$ on the 12-hour timeframe—in the end it received a pullback to the beginning of the zone.

Resistance is still relevant. The new 12-hour candle is currently showing a rebound from the beginning of the zone, and it is still too early to talk about the start of a correction. But as long as the price closes below 78 164$ with the body of the 12-hour candle, it is still possible to expect the end of the pump and either consolidation or a correction.

Subjectively speaking—for most bears who are holding their positions right now, the key risk is not the probability of a further pump, but the fact that even when averaging in from the current levels, in the end they won’t get a correction until they exit into positive breakeven. At least this applies to those whose entry point is below 70 000$ and who don’t have enough buffer to add more to the position.

The key point right now is the likelihood of a return below the level of 75 761$, separating the bearish and bullish markets. If the price goes below it, things for the bears will get more exciting.