This morning we said the “pancake” is in the 75,000-75,500 area, and it has now also fulfilled a pullback of more than a thousand points. From what it looks like now, there is still overhead pressure above. In the near term, every rebound has been under pressure at around 76,000. As long as the market cannot firmly hold above 76,000, we should still view it as a wide-range consolidation. For now, short-term support to watch is in the 73,600 area; if it breaks through, you could see 70,500. Let me put a very realistic problem plainly: if it can’t move up this week, then it will definitely drop next week! Then it will be back in the 65,000 area—the bottom of the daily chart’s box: $BTC