I just reviewed the charts and Bitcoin is having a tough Friday. It recently climbed up to the $74K , but now it's sliding around $71.50K. The interesting part is that that rejection at the $74K wasn't a coincidence: it exactly matched the 61.8% Fibonacci resistance and the 50-day moving average. These are two technical levels that have historically worked well to identify where sellers set their equilibrium price and decide to offload positions.

Analysts are saying that the move was more of a short squeeze than a genuine bullish conviction. Bears who placed stops very close to the market price were forced to close, which triggered buying. But that quickly ran out of steam. Now we're seeing long liquidation groups just around $70K, so that level becomes the critical equilibrium price to watch.

The macro context is what worries me. The war in Iran, the strong dollar, soaring oil... none of that helps the crypto rally. Friday saw some tentative relief when tensions eased, but things remain uncertain.

During the week, Bitcoin remains in the green with +6.69%, Ethereum hits $2.21K (+8.18%), and Solana reaches $82.25 (+2.98%). But Dogecoin is in the red. If Bitcoin drops below $71K, the next equilibrium price to defend would be $64K. That’s what we need to monitor in the coming days.