BTC/USDT 4H Analysis – Range Bound with Liquidity Sweep 📊

Bitcoin is currently trading around $70,600–$70,800, hovering inside a consolidation zone after recovering from last week's dip below $68,000.

Key Observations:

· Price reclaimed the ascending channel after a brief breakdown below $68,000 (liquidity sweep)
· Strong support zone: $68,000–$69,500 — bids accumulating here
· Key resistance: $71,200–$71,650 — sellers defending this area
· Daily MACD showing bullish divergence, but momentum remains weak

Market Structure:

· Short-term: Range-bound between $69,500–$71,600
· 4H chart shows contracting triangle — breakout likely soon
· RSI around 50 — neutral territory, room for movement both ways

My View:

· **Bullish breakout above $71,650** = next target $73,000–$74,000
· **Break below $69,500** = retest $68,000 support

Institutions like BlackRock are quietly accumulating ETFs while retail sentiment remains fearful (Fear & Greed Index at 14 — extreme fear) . This divergence often precedes upside moves.

What levels are you watching? Drop your thoughts below! 👇

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