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$BTC got the breakout buyers flushed pretty hard after the Fed move, and now price is back inside the old compression. The fakeout above resistance didn’t hold, so bulls lost the clean break and got sent straight into the support area near 62k.
I’m watching this as a liquidity sweep into the lower part of the triangle, not a clean trend day. The retest matters here because BTC either accepts back inside the range and keeps the re-accumulation idea alive, or the failed reclaim starts looking like distribution on the higher timeframe.
Right now sellers still have the better of it under that broken resistance. Bulls need to reclaim that area quickly, otherwise late longs stay exposed and the shakeout can keep working its way deeper.