bitcoin has been in an uptrend since the lows of $16k at yearly open of 2023, it has trended up -> consolidated sideways -> trended up again
currently it has been consolidating in a tight range between $58k & $72k for about 3 months
the last daily candle up when the market peaked in mid march is the main resistance capping the market between $71.3k & $73.3k, its an important level because thats when sellers stepped in & there was more supply there then demand
when markets are trading in a range you want to derisk into the range high levels that are established resistance
now, im assuming that this range is bullish consolidation & that if we retest range lows (which is likely after testing range highs & failing) that it will hold and eventually push us to higher prices $100k+
but that is an assumption