$BTC



I wouldn’t get too bullish here.

Price is still trading in resistance and has now swept the majority of the upside liquidity.

We also haven’t seen any significant pullback during this bullish trend, which needs to happen eventually.

Right now, this move appears to be losing momentum. Spot demand has decreased significantly, and sellers are starting to step in, pushing price lower.

At the same time, long liquidations are massively outweighing short liquidations, further strengthening the bearish case.

A pullback toward $70k would make sense, as this level not only represents strong support but also aligns with a key Fibonacci level and a major liquidity zone.

If this scenario plays out and price taps the $70k area, I will look for a reaction to potentially trade the continuation of this trend.
BTC0.53%
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