A rising rally is forming after a sharp decline

I see a clear reason behind this movement

The price was pushed strongly to 73,700 and then dropped sharply
That movement wiped out late long positions and frustrated buyers
Now the price is stabilizing near 70,000 and showing absorption signs

This is not random; it’s a controlled move

What’s happening:

A strong rejection from resistance at 73,700
Heavy selling pressure pushed the price down quickly
Now a base is forming around the 70,000 area
Small candles indicate sellers are losing strength

Momentum is cooling, not collapsing

How can this happen:

The market needs liquidity above the highs, so it initially amplified
Then distribution occurred, and the price dropped rapidly
Now weak hands are exiting, and strong buyers are slowly stepping in

I see this as a reset phase before the next move

Trade setup:

Entry point between 70,500 and 71,000
I enter near support, not chasing green candles

Target points:
72,000 first recovery zone
73,000 major resistance
74,000 if a breakout is confirmed

Stop loss at 69,800 below the support area

Plan:

If the price stays above 70,000, the structure remains stable
If it breaks 72,000, momentum could build quickly
If 70,000 fails, a deeper correction may occur

I remain patient and let the setup execute

Final idea:

This looks like a consolidation after the drop, not panic
I position myself for a potential rally

Let’s go and trade now $BTC