#BTC 73K BTC = Decision Zone.
While many say Bitcoin doesn't rely on support and resistance levels, yesterday's rebound point coincided precisely with the low of April 7, 2025—this is no coincidence. That was a local bottom, note, local, not a major bottom. A further pullback could break that level.
Additionally, the 72.5–74.5k range is a crucial weekly support zone for Bitcoin. I've repeatedly mentioned this before; historically, the price has tested and pulled back here multiple times. From the current position, it's indeed a relatively good range for going long.
If the price gradually stabilizes, the structure will become clearer. A dip slightly below 70k is possible, but the overall structure will likely remain the same. If BTC is destined for a range-bound market, then I believe the current position is a reasonable lower end of that range.