Bitcoin remains firmly range-boundBitcoin / TetherUSBINANCE:BTCUSDTThe_Alchemist_Trader_Bitcoin remains firmly range-bound after confirming a rejection from the $78,000 resistance level, reinforcing the upper boundary of the current trading structure. As long as price action continues to trade below this range high, the probability favors a rotation back toward the range low around $60,000. Key Highlights: - Clear rejection at $78K resistance - Range structure remains intact - $60K range low acting as downside target The recent rejection at $78K highlights a lack of sustained bullish momentum, with price failing to establish acceptance above this key resistance zone. This suggests that buyers are struggling to maintain control at higher levels, allowing sellers to step in and defend the range high. From a structural perspective, Bitcoin continues to respect a well-defined range, with price oscillating between resistance and support zones. This type of environment typically leads to rotational price action rather than trending behavior, especially in the absence of strong volume expansion. Unless bulls can reclaim and hold above the $78K region with conviction, the path of least resistance leans toward a move lower. A gradual rotation toward the $60K support region would align with the current market structure, where liquidity is likely resting. For now, Bitcoin remains in consolidation mode, with patience required until a clear breakout or breakdown occurs.