#Bitcoin is trading around the 68K region after a sharp rebound from the 60K liquidity sweep. This move is technically significant, but context matters.
🔎 Market Structure (Daily Timeframe)
The broader structure is still corrective. Price remains below major descending pressure from prior distribution. The bounce from 60K appears to be a reaction from a high-liquidity demand zone rather than a confirmed trend reversal — at least for now.
Higher highs have not yet been firmly established on the daily chart.
📈 Momentum & Indicators
RSI is recovering from oversold conditions, currently neutral-to-positive, suggesting relief momentum, not euphoric expansion.
MACD histogram is turning positive, but still early in its transition phase.
Price is attempting to reclaim short-term moving averages, yet remains below stronger mid-range resistance.
💧 Liquidity Map & Key Zones
🔵 Demand Zones (Support):
• 65K–64.5K → short-term structure support
• 62K–60K → major liquidity sweep origin
Loss of 65K would likely invite another test of deeper demand.
🔴 Supply Zones (Heavy Resistance):
• 69K–70K → immediate sell liquidity cluster
• 72K–75K → major supply + previous breakdown region
This 69K–75K range is a compression zone where aggressive sellers previously dominated. Acceptance above it would shift the probability structure meaningfully.
⚖️ Probabilistic Outlook (Not Certainty):
• Holding above 68K and building higher lows increases the odds of range expansion upward.
• Rejection at 69–70K could signal this is still a corrective bounce within a broader distribution phase.
• A strong, high-volume break and acceptance above 75K would significantly alter the daily bias toward continuation.
🧠 Current phase:
Relief rally inside a larger decision structure.
The next few daily closes matter more than intraday volatility.
#btc70k #BTCMiningDifficultyIncrease #CryptoMaxx $BTC