$BTC Update: Why Is Bitcoin Stuck in a Sideways Grind After the Dump?
After the sharp rejection from $71K (that nasty high-wick fake breakout),
$BTC has been boxed between $66K–$68.5K on the 4H/1D — and this chop isn’t random.
Here’s what’s really going on
Strong Buyer Defense: Every dip into $66.5K–$67K gets absorbed fast. Bulls are protecting that zone aggressively.
Heavy Supply Wall: $70K–$71K remains a brick ceiling. No acceptance above it = no trend continuation.
Lower Highs + Weak Volume: Classic post-dump structure. Leverage flushed, but no fresh conviction yet.
Tight Ranging = Energy Build-Up: Compression like this usually precedes expansion.
But the bigger picture?
Macro Shockwaves: The U.S. Supreme Court just struck down emergency tariff actions under IEEPA in a 6–3 ruling, reigniting political and trade uncertainty. Markets hate instability — risk assets pause when policy turns unpredictable.
Middle East Tensions: U.S.–Iran escalation, military buildup, oil risk premium rising. When war headlines intensify, liquidity pulls back and crypto momentum freezes.
So what’s the result?
Leverage wipeout complete
ETF flows mixed
Long-term holders steady but cautious
No strong macro catalyst… yet
This feels like a pressure cooker phase.
Break above $71K → explosive continuation.
Lose $65K–$66K → deeper liquidity sweep.
Right now? It’s a battlefield of patience.
Is this a bull trap… or a stealth accumulation base before the next leg?
Drop your key levels. The next move won’t be small
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