🚨 I see that after a strong drop the market has not fully recovered — instead, a slanted consolidation (ascending wedge) has formed. This is no longer a pure uptrend, but a struggle for direction.
🔹 Structure:
there are local higher lows, but the zone 75,000–76,000 is pressing from above
👉 every rise meets a seller
🔹 Resistance:
key zone — 75k–76k
while we are below it → the market is weak
🔹 Support:
zone 70k–71k — the base from where purchases come
🔹 Indicators:
price under the Ichimoku cloud → pressure
MA is compressed → no impulse
Bollinger is narrowing → preparing for movement
🎯 Scenarios:
🔻 Priority (short, ~60%)
if we get a reaction from 75k again →
👉 breakout of the wedge downwards
👉 targets: 71k → 69k
🔹 Alternative (long, ~40%)
only upon:
✔ breakout of 76k
✔ consolidation above
👉 then the way opens to 80k+
📌 Verdict:
I do not see a confident long here
👉 this is a zone of uncertainty
💡 Insight from the analyst:
such narrowing structures often end with a sharp movement.
And most often the market first takes out the longs down before giving a real rise.$BTC
