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$BTC
$BTC Outlook
Bitcoin swept liquidity above $67K, trapped late longs, and then rotated sharply lower toward $62.6K. Since then, price has been ranging around the $63K area, but the broader structure still looks weak.
Most of the upside liquidity has already been taken, while a significant pool of liquidation levels continues to build below current price. Until BTC reclaims key resistance zones, downside remains the higher probability path.
Levels I'm watching:
• $63.7K mPOC retest
• $65.6K major order block
• $61.2K $61.8K potential reaction zone
My primary setup is to look for short opportunities into the $65.6K region, targeting a move back toward $60K and potentially lower.
If price reaches the $61.2K $61.8K area, I'll consider tactical hedge longs for a relief bounce, but only as a counter-trend trade.
The bigger picture hasn't changed. Consolidation may continue in the short term, but as long as resistance holds, I still expect BTC to revisit sub $60K levels before any meaningful trend reversal develops.
Current roadmap:
Bounce zone → Retest resistance → Break below $60K → Target low $50Ks.
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