I see that Bitcoin continues to move within that compressed range we've been monitoring. The interesting thing is that the weekly RSI has fallen back into oversold territory, something Tardigrade pointed out recently. According to their charts, the price is touching the bottom of that upward channel that has been forming for several months. Historically, when this happens, there is usually a rebound.

What caught my attention is that ETF flows have finally turned positive. After three consecutive weeks of outflows, in the last week of February, we saw an inflow of about 11.8K BTC. That slightly changed the sentiment.

Now, there are key levels to watch. Tardigrade and other analysts are paying attention to the $67,000 zone. Above that, there is liquidity clustered at $67.5K and $68.1K. If Bitcoin manages to break through those levels, it could liquidate quite a few short positions. But honestly, the market still lacks clear direction. It could go higher or reject at these levels. That’s why it’s important not to assume anything and simply observe how the price behaves as it approaches these points.