Everyone watching $BTC at 70K thinks it will drift sideways. The structure says the coil is set.

Popular narrative: Bitcoin weak, below moving averages, bearish.

What the data shows: Higher lows forming in a micro channel. Volume collapsed post-flush — neither side adding. That is compression, not distribution.

Resistance: 73.7K, 81.4K, 88.3K. Support: 69.4K, 68.9K, 60K. Volume contraction after liquidation events historically precedes the next large directional move.

Bullish: 73.7K reclaim triggers short covering, targets 81.4K → 93K. Bearish: 69.4K breaks, activates downside to 60K → 50K.

Funding rates and derivatives positioning are the real tell here.

At what price would you start accumulating, or are you waiting for 73.7K confirmation first?