Bitcoin: chop or breakout? key levels to watch this week

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Bitcoin: chop or breakout? key levels to watch this weekBitcoin / TetherUSBINANCE:BTCUSDTTrade_Logic_AIBitcoin Anyone else feeling this BTC chop getting ready to choose violence? Lately we’ve had mixed headlines: ETF inflows slowing while miners keep unloading into strength, and at the same time, according to industry sources, big funds are still quietly accumulating on dips. Today’s rejection from the 70k area shows the market still respects that supply zone and isn’t ready to moon straight away. On the 4H chart we’re stuck under that red resistance block around 70k with clear wicks showing sellers defending. RSI is rolling over from mid levels, and the local HVN above price suggests heavy inventory waiting to sell rallies, so I’m leaning short term downside. My base idea: a sweep of the green demand levels below, first around 68k then possibly closer to 66k, before bulls try another push. My plan: watch for a rejection of the 70k zone to stay valid, aiming for that 68k liquidity pocket and maybe the deeper 65–66k green zone. If price closes firmly above 70.5k and holds, that flips the script and opens the way toward the upper red zone near 73–74k. I might be wrong, but for now I’m treating bounces into resistance as sell opportunities and only switching bias if bulls win a clean breakout. ✅