Consolidation and a pump to ATH. Big players want it cheap and newbs sell the top, volatility will continue to shake out buyers that entered in the 60s and 70s. Perhaps a mega short squeeze to 74k and beyond before finding support at previous ATH.
I think these levels may be significant due to price history. We could test these lines and break down further if the confidence in crypto wanes giving buyers a sweet discount.
Perhaps a great time to accumulate sats. If we see volume increase on the buy side we could break up. However, I think Doge will cool a bit in this channel and we could see some serious profit taking providing Elon doesn't say anything crazy.
Can Btc stay above the line of support? Well, the one I drew anyway. I think a lot of weak hands were flushed out and I think a few experienced guys were waiting for lower lows. DCA'd at 7,470.
