$BTC BTC is showing a mixed structure on the 4H timeframe after a sharp drop toward the $68.8K zone, followed by a steady recovery back above $70K. The market is now consolidating around $70.5K, indicating a battle between buyers and sellers at a key level.

The recent candles suggest that buyers are attempting to regain control, but resistance near $71K is still holding strong. This range-bound movement often signals accumulation before a bigger move.

If $BTC holds above the $69.8K – $70K support zone, we could see another push toward the highs. A clean breakout above resistance may trigger bullish continuation, while rejection could send price back into the lower range.

Trade Setup

EP: 69,800 – 70,600

TP1: 71,800

TP2: 73,500

TP3: 76,000

SL: 68,900

Compression at key levels usually leads to expansion — watch for a breakout confirmation.

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