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Something feels off about this 70k level.
$BTC is just hovering here. We’ve had a nice little bounce over the last few days, but looking at the daily, we are still fighting that local resistance near 71.9k. Every time we poke our head up, the sellers step in.
The order book is looking a bit heavy on the ask side right now. Almost 89% sell pressure sitting there, which usually means we might need to sweep some lower liquidity before a real move up happens.
If we don’t clear 72k soon, I’m watching that 65k support zone again. It’s been a solid floor, but the more we test it, the weaker it gets. Volume is okay, but it’s not the "breakout" volume I’m looking for yet.
Staying patient on this one. No point in chasing the middle of a range.
#MicroStrategyAddsBTCFor1.28B