Bitcoin Hits a Wall. Macro Resistance Holds Firm – Target: $70.5Bitcoin/USDTOKX:BTCUSDTLingridThe Macro View 🛰️ Bitcoin has been putting in a heroic effort lately, grinding higher within a massive Ascending Broadening Wedge. While the trend remains structurally bullish, we have just tagged the upper boundary of this macro formation—a zone traditionally guarded by heavy institutional supply. The Setup: Resistance is Heavy 🧩 The Ceiling: As shown on the chart, the Resistance line near $74,500 has sparked a sharp rejection. The bulls failed to maintain momentum at these overextended levels. The Pattern: We are looking at a local distributive phase. The blue projection indicates a "zig-zag" correction as the market seeks a more sustainable floor to gather fresh liquidity. Volatility Squeeze: After the recent pump, the RSI is cooling off, and the local structure suggests that a healthy retracement is the most likely path forward. The Roadmap: Destination $70,500 🎯 The path of least resistance has shifted to the downside for the short term: Immediate Support: $72,000 (Local psychological level). Primary Target: The horizontal Support line sitting at approximately $70,500. Why $70,500? This level represents a high-volume node and previous structural resistance that should now act as a magnet for buyers.