💎 BTC — Pullback Plan & Testing the $73k Ceiling
Bitcoin is flashing some strength, hitting a 3-week high following the US-Iran ceasefire rumors. However, the market rarely moves in a straight line—the technicals are currently hinting at a local cooling-off period before the next leg up.
The Tape Reading:
Pivot ($69,867.58): Our primary line in the sand today. This is the pullback support zone. As long as we hold above it, the bullish thesis remains intact. Expect a potential retest of this level to gather liquidity.
1st Resistance ($72,953.00): The immediate target for the bulls. If the pivot holds, this level becomes the primary magnet.
1st Support ($67,387.15): The "Plan B" zone. If the pivot fails, this is where we look for buyers to step in and defend the local uptrend.
The market is leaning bullish, but FOMOing at local highs is a rookie mistake. The rational move: wait for a pullback to $69.8k, look for a buyer's reaction, and then execute with targets at $72.9k.
Stay cold-minded. If the Pivot holds, we play the bounce. If it breaks, we wait for the $67.3k demand zone.
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