The Elephant Jungle 4/14/26 Page 3

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The Elephant Jungle 4/14/26 Page 3BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420Ranges on ranges on ranges, you gotta love them, right? Now we have another layer to this. A smaller range, the Inside Range that we already broke out of, but it has not fully confirmed yet. For me, a clean close above 75k is what seals it. Until then, this still looks like something else is forming. Right above that Inside Range, on the lower time frame, we may have an even smaller range starting to build. And if that is the case, this could turn into a classic PO3 setup. The Inside Range becomes the Accumulation. The smaller range becomes the Manipulation. And after that Manipulation, we could see a strong expansion move, potentially sending price right back down to the Inside Range Low. Now that would be a serious setback for the Bulls. So the question is, can the Bulls defend this? Because if this is the play the Bears are setting up, the Bulls are going to need to find support fast, most likely off one of these Demand Zones, or this thing could unwind quickly.