$BTC tapped the low of the BMSB and is now consolidating within a tight range.
At this stage, consolidating directly above support isn’t the strongest look for continuation. Ideally, you want consolidation below resistance before another push higher, not sitting on top of support levels.
The longer price keeps leaning on support, the weaker that level becomes. And once support breaks, downside moves usually accelerate into the next major level.
That’s where momentum starts adding fuel to the sell pressure.
For now, BTC needs to hold above $75K to maintain bullish structure and keep sentiment stable. The moment $75K breaks, sentiment likely shifts quickly, and every bounce could start leading into deeper dips afterward.