🔍 Why the Retest?
Inflation Relief: Positive U.S. PCE data fueled the initial pump, but traders are now "selling the news" to lock in quick profits.
Leverage Flush: Futures funding rates were leaning slightly negative/cautious; this dip clears out the late-longs before the next potential move.
Macro Jitters: With the Fed meeting coming up (March 17–18) and ongoing geopolitical headlines, the market is catching its breath.
📍 Next Zones to Watch
Immediate Support ($70,000 - $71,500): This is the "Must-Hold" zone. As long as we close the daily candle above $70k, the bullish structure remains intact.
The Resistance Ceiling ($74,000 - $75,000): This is the big boss. A sustained breakout here opens the door for a run toward $78k - $80k.
Danger Zone (<$68,000): If we lose $70k convincingly, we might see a deeper slide back toward the 4H 200-period moving average.






