It looks like the ETF for $BTC is still doing its job.

Another day of buying, and once again the $77.5K area turned out to be quite appealing.

And here, I wouldn’t try to guess the direction in advance.

We could get a classic Bart Simpson style with a sharp dump.

Or the exact opposite could happen—breakout and an acceleration upward.

But one thing seems obvious to me:

$BTC has been building up too much pressure for far too long to simply keep standing still.