$BTC After sweeping the low at $60.7k, price pushed higher into a local resistance level.



This was followed by a short-term pullback before buyers stepped back in once again, pushing price back into that area.

BTC has now printed both a higher low and a higher high, flipping short-term structure bullish.

If we get a confirmed close above $62.9k, a sweep of the equal highs at $64.3k becomes increasingly likely.

In case of another rejection, however, focus shifts back towards the $60.6k-$61.1k region, where price has bounced several times over the past two days.

Considering both market structure and liquidity, I currently favor a sweep of the equal highs before we see a potential reversal.
BTC2.39%
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BluePeonyPlan
· 4h ago
It bounced several times within the 60.6-61.1k range over the past two days; this support is quite strong.
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Lemon-FlavoredLiquidation
· 4h ago
If 62.9k can't hold steady, we'll have to return to that choppy oscillation zone again.
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StardustRouter
· 4h ago
This analytical framework is quite clear, combining both structure and liquidity.
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BridgeHopster
· 4h ago
Short-term structure shifts to more long positions, but chasing longs at high levels still requires caution.
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GateUser-7df43e29
· 4h ago
I bet on first drawing 64.3k and then pulling back, liquidity is just sitting there.
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StopMessingAroundWithGasFees.
· 4h ago
The high point of 64.3k is indeed a key level; there's a good chance of reversing after a sweep.
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