Bitcoin is currently showing rejection from a major supply zone, following a liquidity sweep near 72,000.
This behavior suggests potential distribution activity, with sellers gradually defending higher levels.
📉 Market Structure
• Market Type → Range-bound
• Short-term Momentum → Bearish
• Liquidity Event → Buy-side sweep completed
• Current Zone → 70,000 region
👉 Bias: Bearish continuation risk
🔴 Resistance Levels
71,954 → Immediate resistance
74,500 → Major breakout level
🟢 Support Levels
68,901 → Immediate support
65,940 → Strong demand zone
📌 Conclusion
Bitcoin remains under pressure following a liquidity sweep, with downside risk increasing unless resistance levels are reclaimed.
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