🚀🌕 Bitcoin enthusiasts, buckle up! After a bullish surge towards the $71K mark, Bitcoin faced some selling pressure, causing a slight bearish dip. But don't fret! A robust support region is in sight, potentially leading to a renewed bullish move in the short term. 📈

Analyzing the daily chart, Bitcoin's price is currently confined between the 100-day moving average at $66K and the $72K resistance region. This 100-day MA is a crucial support region, potentially halting further selling pressures. 🛑

On the 4-hour chart, Bitcoin has formed a smaller wedge pattern near the $70K upper boundary. Should Bitcoin surpass this boundary, we might be looking at a prolonged bullish trend, with the key $74K resistance zone as its target. 🎯

Whale watch! 🐳 The realized price of new whales, approximately $62.8K, now serves as a key support region for Bitcoin buyers in the short term. The profitability of these new whales suggests that these influential market participants continue to see value in Bitcoin above this support level. This sentiment underpins a bullish outlook as long as the price remains above $62.8K.

Stay tuned, Bitcoin believers! The future looks bright! 🌞🚀