BTC: Watching the 28.5k-29k Resistance Zone

It's been a tough slog for $BTC to break clean above the 28.5k-29k region. Every push seems to be met with selling pressure, suggesting a pretty significant supply zone there. I'm seeing a lot of confluence at those levels – previous support, moving averages, and some clear volume profiles indicating it's an area where distribution has been happening.

My take is that until we get a convincing close above 29k, ideally on decent volume, we're likely to remain range-bound or even see a retest of lower support. A failure to hold above 28k on any retrace from current levels would be a pretty strong signal of weakness, potentially opening the door for a move back towards the 27k area. The risk to this scenario is, obviously, a decisive break and hold above 29k. If that happens, then we'd need to reassess and look at the next resistance levels.