$BTC Stuck at $70k Resistance Why Is the Entire Market Crashing?
The crashing wasn't random it's a textbook distribution + liquidity sweep.
⚠️Technical signals that confirmed the trap:
1. RSI + Momentum Divergence
~BTC made a higher high near $70K
~RSI & MACD made lower highs
Momentum was dying before price fell
2. EMA Rejection
•Price was stretched far above the 50 & 100 EMA
~Mean reversion kicked in once $70K failed
3. Volume Profile (POC Shift)
~Heavy volume node sits around $61K-$63K
~Market naturally pulls back to high-liquidity zones
5. Fair Value Gap (FVG) Fill
~The fast pump left inefficiencies between $62K-$64K
~Price is now retracing to "rebalance" the chart
⚡Levels That Decide the Trend
$70.5K → breakout & trend continuation
$66.8K → local pivot
$63K → volume magnet
$60-61K → bull structure support
Below $58K → short-term bear control
🔗Conclusion
This is not a market crash it's a leverage reset.
Smart money already positioned. Retail panic just provides the entry Liquidity first. Expansion second.