BTC already had its aggressive flush into the low 60Ks. That reset the market and removed weak hands. Now BTC is consolidating between major support around 56K and resistance around 71K to 77K. This is a decision range. If BTC holds support and reclaims higher levels, the trend continues upward later. Right now BTC looks like it’s stabilizing, not breaking down.
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BTC/USD - update
BTC already had its aggressive flush into the low 60Ks. That reset the market and removed weak hands.
Now BTC is consolidating between major support around 56K and resistance around 71K to 77K.
This is a decision range.
If BTC holds support and reclaims higher levels, the trend continues upward later.
Right now BTC looks like it’s stabilizing, not breaking down.