The liquidity bands of $BTC are narrowing, indicating that the market is entering a compression phase, which often occurs before a significant price movement. Currently, the price is oscillating within Bear Bands, while spot trading is just above a dense liquidity zone around $69,000–$74,000.
This area has repeatedly acted as a liquidity magnet, continuously absorbing buying pressure and triggering strong price reactions thereafter. This indicates a significant concentration of positions at the current price level.
Structurally, BTC continues to trade above long-term trend support lines, indicating that the overall structure has not been broken. However, momentum is gradually weakening, while lower highs are continuously forming. This combination often signals the potential for expanded volatility, rather than a prolonged sideways phase.
In the context of tightening price ranges and accumulating liquidity, historical breakouts often occur quickly and strongly, rather than slowly.
Consolidate first. Expand later. The market is approaching a decisive point.
