BTC on the 4H is currently fighting the 50% Fibonacci retracement (79k → 60k range).
Key observations:
• Price reclaimed 38.2% • Now testing 50% around 69.5k • Riding the upper Bollinger Band • Mid-band acting as dynamic support (~67.6k) • Order book showing heavy bid dominance (92%)
This is a decision zone.
📍 Break and hold above 70k
→ 61.8% fib magnet near 71.7k → Possible expansion toward 72k imbalance
📍 Rejection here
→ Pullback toward 67.5k → Liquidity sweep 65k zone possible
Volume expansion will confirm the next move.
⸻
🌴 Jungle Take
This is not random pump action. This is structured recovery.
Standard Chartered sees ~$50k possible, but BTC just tested ~68.3k and is around ~$66k now. Let’s watch structure and key levels before calling anything.