Thoughts on $BTC consolidation around 70k

It's been a fascinating few weeks watching $BTC flirt with that 70k mark. After the run-up, this consolidation feels pretty natural, almost necessary. I've been eyeing the 68.5k-69k area as pretty sticky support on the daily chart. We've seen a few wicks below, but generally, the closes have held up there, which for me, indicates some underlying demand absorbing the sellers. The volume profile has been a bit messy, but the lower distribution nodes seem to be building right around that range. If we can continue to chew through supply here, a retest of 72k-73k doesn't seem far-fetched, potentially setting up for another push.

Now, the risk, as always, is the breakdown. A sustained close below 68k, especially on decent volume, would invalidate my current 'consolidation before continuation' thesis pretty quickly. Below that, I'd be looking at 65k as the next significant area, and if that gives way, then things could get a bit more interesting, shall we say. The macro wind isn't exactly a gale force tailwind right now, and you know how quickly sentiment can flip in crypto. Just my two satoshis, not financial advice, etcetera. Always open to being wrong, wouldn't be the first time.