This is a simple chart analysis of $BTC
The chart clearly shows that $BTC is in a consolidation phase. If we continue to see more red candles, the $71k–$78k area becomes the ideal zone for a deeper correction, followed by a potential bounce back.
With selling pressure still ongoing, the bulls are struggling to maintain the $92k level.
What do you think about this? Let me know in the comments.
Happy trading.
