BTC price is currently in a temporary equilibrium. Position: After retracing to the 0.5 Fibonacci level of the 60-72 upward move, there's no strong momentum for either bulls or bears. Both buy and sell sides are lacking conviction, and the perpetuals market has cooled off following consecutive liquidations. Indicators: 4H indicators are basically useless right now—total chop. Daily (1D) indicators still show we're in a rebound phase, so the bounce isn't over yet. Moving Averages: All timeframes above 4H are still in a bearish setup, but the downside is slowing, with potential for consolidation and a possible trend reversal. Pattern: No clear chart patterns. Zooming out to 4H, the recent drop looks irregular—more like a zigzag than a clean move. Sentiment: 1) Some are bearish on the whole crypto sector; 2) Most traders are just confused and uncertain. Exchange Rate: E/B rate still looks solid. Conclusion: As long as we don't break down from this range, there's still a chance for a third leg up in the rebound. Both BE are sitting in the golden pocket, and 1D indicators support further upside. Strategy: Take profits on any long or short positions before breaking key resistance/support. If we break above resistance (or below support), adjust your bias accordingly.