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$BTC This is what I think price action could look like over the next weeks/months.
Right now, price is moving within a defined range with liquidity building up on both ends.
If you compare the current structure to the bear market fractal from 2022, it looks very similar.
Back then, we saw a short deviation above the range where price swept the previous high, followed by a larger pullback to retest a recent breakout level.
This was then followed by the next major move to the upside.
I believe this time around could play out in a very similar way.
A final push above the current highs to take out the remaining liquidity before a larger pullback would therefore not surprise me.
If that happens, the $72K–$74K region will be the main area where I’ll look for another swing long, assuming buyers step back in and defend it.
Obviously, I don’t expect price to follow this exact path candle for candle, but from a structural perspective this is currently the scenario that makes the most sense to me.