$BTC – Over the last couple of days, I’ve shown the bullish side of the market, now let’s look at the other side.

The price just tested the upper range of what looks like a rising wedge, similar to the one that led to the move from $97K down to $60K.
This area also aligns with the Weekly Bull Market Support Band, which has been a strong reversal spot.
Because of this confluence, the probability of a short-term rejection is high, and as I’ve mentioned in prior PAT updates, I believe that a cooldown on the short-term isn't something that should take us off-guard, especially after such a large move to the upside.
That said, I don’t view a rejection here as a return to the high-timeframe downtrend.
If anything, it will likely trap bears into thinking the same setup is repeating, while actually building liquidity for the next move higher.
In my view, a pullback here would fit within a larger breakout → retest pattern of the prior resistance range at $72K before continuation to the upside.