I just saw Bitcoin drop below $71K, even though it briefly broke through $74K yesterday. Over the past week, it's still in the green with about a 6% increase, but what's interesting is how this rally stopped exactly at a dense technical resistance zone. Fibonacci 61.8% and the 50-day moving average converge there, and that's usually a favorite spot for sellers to take profits during a bearish market.

Liquidation analysis also shows the same story—massive short squeeze up to $74K, but now long leverage is starting to accumulate around $70K. This indicates high volatility and the market could stay range-bound between $70K and $74K until a convincing breakout occurs. If it falls, the next support level is back at $64K.

Meanwhile, Ethereum has risen 7.6% over the week to $2.2k, but DOGE is still struggling. The problem is the macro environment—Iran war, rising oil prices, strengthening dollar. Conditions like this are usually not good for a crypto rally. Asian stocks have also dropped 6.4% since the conflict began, creating a significant headwind. So even though the weekly chart still looks strong, there's a lot of uncertainty making this rally feel fragile.