BTCUSD on the H1 chart is currently trading in a tight consolidation zone between 70500 and 71000. The recent candles show a series of highs around 71000 and lows near 70500, with the last close at 70724, slightly below the upper band. Volume has been steadily declining in the last eight hours, falling from 10491 to 5045, indicating a weakening bullish push and confirming the lack of momentum to sustain a breakout. The price is also hovering just below the 50‑hour moving average, suggesting a short‑term bearish bias. Resistance at 71000 is strong, having been tested twice without a sustained…

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