$BTC Evening Market Analysis!
Bitcoin broke through the bullish flag pattern today, but it hasn't stabilized above the key resistance level of 68030. The two attempts to push higher were false breakouts, essentially because the sell pressure above is too heavy, preventing a sustained move upward.
Why can't it push through? It's simple: those who went long near 68030 and got trapped will be eager to sell and exit once the rebound occurs, creating selling pressure. Additionally, around this resistance level, the candlestick chart shows a bearish engulfing pattern. Once this signal develops, the