BTC Holds Gains but Struggles at Major Resistance Zone

BTC holding around 74K after rejection from 76K. The move from 70K to 76K was strong, but price is slowing at resistance. ETH moved the same way, pushing up earlier in the week and now cooling near 2.3K. Market is pausing and waiting for clarity.

Macro is mixed. US blockade on Iranian ports is pushing oil higher and raising inflation risk, which is negative for BTC. At the same time, talks of de-escalation are supporting risk sentiment, which is positive for BTC. Market is stuck between these two forces.

US yields are falling after softer PPI data (0.5% vs 1.2% expected). Lower yields support liquidity and reduce the opportunity cost of holding BTC. Nasdaq is strong and BTC is moving with broader risk assets.

Institutional flow is still supporting the market. ETFs saw inflows after a prior outflow, and April flows remain positive. Major banks continue entering the space, which is helping hold the downside.

BTC is now at a key resistance zone between 74.5K and 76K. Structure is still bullish, but momentum is slowing. Supports are at 72K, 70.5K, and 69.1K.

If price breaks and holds above 76K, upside toward 80K is likely. If rejected, a pullback toward support levels can happen. Overall trend is bullish, but this is not a good entry area. Better to wait for confirmation or a dip.

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