Bitcoin $BTC is currently fluctuating around the order block region on the 1H frame, and in my view, the likelihood of this OB area being breached is quite high, around 60%.
The reason lies not only in the current price structure but also in the fact that a downward correction setup according to CRT has formed earlier on the 15M frame, indicating that short-term selling pressure has not really ended yet.
Moreover, the price is also approaching a significant resistance zone around 71kxx–72kxx. This is a sensitive area because 72,000 USD was once an old key level, so the price reaction here will significantly influence the next movement.
If Bitcoin cannot decisively break this area, the risk of being pushed down to retest the support below is entirely possible.
On the contrary, the area to watch closely is the two bottoms around 68k on the 1H chart. If this level is broken and the candle closes confirming the break, then in my opinion, this will be quite a bad signal, meaning that the current upward rebound may officially end.
Therefore, any brothers who are in a betting position towards the breakout should pay special attention to the 72k area. If the price does not successfully break up or strong reversal signals appear, it is best to handle the position very quickly.
And if it can decisively break, the market will have a basis to think about a more positive scenario. I will continue to monitor, and if there are any more notable setups, I will update you later.
