$69,000 was the absolute top in 2021. Now? It's just a Tuesday. Flipping old resistance into new support is never a straight line. We are chopping around historical highs, which is normal behavior before price discovery mode kicks in.
🐻 Bear Case: If we lose $65k, we might retest lower consolidation zones. 🐂 Bull Case: This is just a shakeout to flush leverage before the real run to $100k.
1️⃣ Support Zone: The bulls need to defend the [ $2,075 or $1,980 . A daily close below this could open the door to lower liquidity grabs. 2️⃣ Resistance: We need to reclaim the moving averages to flip momentum back to bullish. 3️⃣ Volume Divergence: Keep an eye on the RSI—if price drops but momentum rises, a reversal is imminent.
The structure is tightening. A breakout (in either direction) is brewing. Stay liquid. 💧
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