$BTC has been trapped in a broad $62.8K–$72.6K range for over a month, and every push above $70K keeps getting sold rather than followed by real strength.

Right now, price feels caught between $54.4K realized price as the major support and $78.4K true market mean as the bigger resistance overhead.

A relief move higher is still possible, but with structure already looking fragile, I’m keeping a closer eye on downside risk than upside excitement.