$BTC Price rolled over hard from the left side of the chart, then put in a sharp liquidation-style selloff before snapping back. That rebound wasn’t organic accumulation — it was fast, vertical, and corrective. Since then, BTC has been stuck carving a range beneath a clearly defined supply band around the prior breakdown zone (~72k). The attempt into that area failed cleanly and left behind a visible rejection — that’s not noise, that’s sellers defending inventory.
Since that rejection, price has been leaking lower in a controlled way. No panic, no expansion — just compression. That matters. When markets sell aggressively, they tend to bounce aggressively. When they drift, it usually means positioning is being adjusted rather than liquidated.
The most important behavior on the chart is the wick sweep below ~66k followed by immediate acceptance back above it. That tells you something specific: downside liquidity was taken, but sellers couldn’t press continuation. The response candle isn’t explosive, but it’s responsive — buyers showed up exactly where stops were vulnerable.
This puts short-term bears in an awkward spot. Shorts that entered late into the drift now see price reclaiming above the sweep level, while breakout buyers above are still trapped from the failed 72k attempt. That tension is what creates tradable bounces — not conviction but positioning stress.
At the same time, this is not a clean reversal structure yet. There’s no higher high, no decisive reclaim of the mid-range. Price is still below the area where sellers previously won. That means any long here is tactical, not thematic.
As long as price holds above the swept low and continues to accept above it, a rotation back into the range highs is structurally reasonable. If it loses that level with acceptance, the entire bounce thesis disappears, and the market likely resumes the broader corrective leg.
Trade Plan Long
Entry: 65,800 – 66,500
Stop Loss: 65,400
TP1: 68,200
TP2: 69,800
TP3: 71,800
Trade $BTC Here 👇
