#BTC #ETH Whether BTC breaks through or faces resistance and falls back into consolidation, a resolution is coming soon—this level won’t remain range-bound for long: 【Two possible signs of a trending move】: One: This rally has now lasted nearly a month, since the previous bottom in late March. Two: During this nearly month-long gradual rise, BTC’s negative premium on Binance has not triggered this time; in fact, the negative premium has largely been erased as prices continued rising. 【Data points suggesting continued consolidation】: One: On the futures market, the long/short ratio and open interest triggered a left-side short signal on the 18th when BTC reached $78K, after which price declined and open interest rapidly dropped. After stabilizing around $73K, price is now retesting upward. Two: The spot leverage long/short ratio currently shows no clear directional signal; only a small number of traders are borrowing USDT to buy near $74K. 【Signs of market confrontation】: Currently, both the daily trendline and moving averages have converged at the key resistance zone from the past six months of downtrends—approximately $76K–$78K. This explains why BTC began retracing upon first touching $78K. Now, as it retests this resistance zone, the level won’t remain range-bound for long—resolution is imminent.