Bitcoin Market Analysis. What now?BTC / Tether PERPETUAL FUTURESMEXC:BTCUSDT.PKing_BennyBagToday we will assess Bitcoin, last night it pumped, lets see what's to expect. Bitcoin is currently trading in a bullish retracement within a broader bearish structure, following a strong rejection from higher timeframe supply (~74.5k–75.5k) and the formation of a lower low around 67k. Recent price action has been highly volatile and less predictable, largely due to ongoing US–Iran geopolitical tensions. This has already resulted in unexpected moves, including the sharp pump seen last night — reinforcing that the market is currently headline-driven rather than purely technical. Key Confluence Zone 72.6k–72.9k (Golden Pocket 0.618–0.65) Aligns with the Daily FVG This area acts as a major resistance and decision point, with strong confluence for potential rejection. Bullish Bias (Short-Term) Current momentum supports a continuation higher into 72.6k–72.9k If momentum remains strong, price could extend toward 74.5k supply Bullish continuation is valid only if price breaks and holds above supply Bearish Bias (Overall – Preferred) Market structure remains bearish Expectation: price taps 72.6k–72.9k >> shows rejection Targets: 70k 68k Potential revisit of 67k liquidity Bitcoin is likely pushing into a high-probability resistance zone (72.6k–72.9k), where the Golden Pocket aligns with the Daily FVG. With current volatility driven by external news, the cleaner setup remains: Sell the retracement into resistance, targeting continuation lower unless structure shifts bullish above supply.