【Divergence confirmed, is this a breakout or a drop?】

The current market is quite nuanced; Bitcoin peaked at 79472 and hasn't dropped directly but has opted for a consolidation phase.

From the 4-hour chart, the candlesticks are almost flat, even with the news of Trump canceling his trip to Iran, Bitcoin only experienced a slight dip, indicating a relatively strong market.

Since Bitcoin has faced heavy resistance above and has refused to drop for three consecutive days, we need to consider the potential for a new high, possibly pushing towards the 81000 major resistance zone.

However, right now, the market is very indecisive, sitting at a balance point. Although there are expectations for a new high, the indicators are confirming divergence on the 4-hour, 8-hour, and 12-hour charts, so a downward move here is also entirely plausible.

It's a tug-of-war between bulls and bears, and the direction remains unclear…

So, how should we proceed?

If we're looking to go long, keep an eye on a support level at 76200; if it breaks down effectively, it's time to exit and observe.

For those considering a short, watch the 81000 level; if it breaks out effectively to fill the gap, there could still be room to run upwards.

If you're out of a position, don't stress; if Bitcoin does break out, it must do so with volume and a rapid ascent, which will definitely have a draining effect on liquidity.

If Bitcoin does rally, we'll have plenty of time to catch up on altcoins without worrying about missing out!

It's advisable to observe for now and wait for the market to establish a clear direction before making any decisions!
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