$BTC BTC continues to trade within a broader resistance zone between 72K and 80K. Within this range, aside from taking profits from previous buys, no major macro moves are expected, as there is a high probability of lower highs appearing within this broader area. The April 25th low remains a strong rejection zone that needs to be reclaimed for a potential move toward the high 70Ks and possibly the 80K area, which would be the upper part of our macro range. BTC has also tested the 3D 21EMA for the first time since the recent breakout and could potentially form a 12H bearish divergence within hours.

From a shorter-term perspective, while BTC is within this broader macro range, it is also at the high of a bear flag zone following a weekend rally. A weekend rally in such a critical area should be treated with caution, especially given that significant open interest has accumulated during this move. That said, at the high of the bear flag zone, there are no significant reasons to be bullish on the market, particularly considering the many rejection confluences in this area. If these range highs are confirmed and the bear flag does not break down