The Elephant Jungle 3/17/26 Page 2BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420As you can see, the 1W Supply Range is one of the major roadblocks for the Bulls, and this is not just any level It lines up perfectly with a backtest of the Macro VAL, making it the ideal spot for the 1W Market Structure to print a lower high That alone should have your attention But even if the Bulls manage to push through that first wall, they are not in the clear yet There is another 1W Supply Range sitting above, completely unmitigated, and this is where things get dangerous This zone is stacked with confluence, lining up with the Macro POC and the 618 golden pocket if you pull a fib from the ATH down to the 59.8k low Now think about what that means As price starts to climb, it can easily get the Jungle excited, people start calling for new all time highs, sentiment flips, confidence comes back And that is exactly where the trap gets set Because while everyone is celebrating the move up, the Bears could be sitting right there, holding both corners of the rug, just waiting for the perfect moment to pull