#marketrally *** $BTC Still without clear direction on the chart
📊 On-chain data and behavior of large holders today indicate a reduction in volatility and possible formation of accumulation zones between $64k–$70k.
💡 This means that the price may oscillate sideways in this corridor before deciding on a clearer breakout, breaking resistance above or yielding support below to extend the correction.
📈 Short-Term Resistances (4H)
📌 1) ~ $70,000 – $71,000 (immediate resistance)
• The current price is testing or near this range, which has acted as a structural obstacle in recovery waves.
• Breaking strongly above usually opens up space for the next characters on the chart. (confirmed by observation of current price)
📌 2) $75,000 – $78,000
• This was a support/resistance zone recently (both in buying and previous distributions), functioning as a key pivot in the short term.
• Resilience here signals buying strength or liquidity traps. (implied in recent price movement)
Breakouts with volume and closes above these levels indicate real strength. Without this, the movement tends to be just a bounce.
