Sell-side pressure has been absorbed within the $60K-$72K band that defined much of H1 2024 📊. This repeated defense suggests emerging conviction among buyers willing to accumulate in this corridor 💰. In a constructive scenario, sustained absorption could mirror prior strong accumulation phases laying foundation for the next advance 📈. However, durability depends on intensity and persistence of demand ⚠️. How aggressively buyers step in across $60K-$72K will determine if the market stabilizes range-bound or weakening absorption opens the door to deeper downside 📉🔴. #crypto
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Sell-side pressure has been absorbed within the $60K-$72K band that defined much of H1 2024 📊. This repeated defense suggests emerging conviction among buyers willing to accumulate in this corridor 💰. In a constructive scenario, sustained absorption could mirror prior strong accumulation phases laying foundation for the next advance 📈. However, durability depends on intensity and persistence of demand ⚠️. How aggressively buyers step in across $60K-$72K will determine if the market stabilizes range-bound or weakening absorption opens the door to deeper downside 📉🔴. #crypto