Bitcoin is not trending. It's hunting.
We're stuck between $60,000 support and $72,000 resistance and this is where most traders quietly get liquidated. Let's break down what's really happening.
📦 The Range Nobody Respects
When price moves sideways, retail gets bored. Bored traders:
🔸️Overtrade 🔸️Increase leverage
🔸️Chase breakouts🔸️Ignore structure
But ranges are not neutral. They are liquidity-building environments. Every long above $70K and every short below $60K becomes fuel for the next move.
🎯 Where the Liquidity Sits
Inside this range:
• Above $72K → breakout longs + short stops
• Below $60K → panic sellers + long stops
Market makers don't care about your bias. They care about liquidity pools.
A fake breakout above $72K can trap breakout buyers.
A fake breakdown below $60K can trap emotional sellers.
Both sides can get punished before the real move begins.
🧠 Why Most Traders Lose Here
Because they confuse:
🔸️Volatility ≠ Direction 🔸️Wicks ≠ Breakouts
🔸️Momentum ≠ Confirmation
In a range, price expands just enough to trigger stops then snaps back. That's the trap.
📉 The Bear Scenario
If $60K breaks with strong volume and daily acceptance below it, the next magnet sits around $50K–$53K a high-timeframe demand zone. That move would feel violent. It would shake confidence. But it would also clear massive leverage.
Invalidation: A weekly close back above $63K would signal a false breakdown.
📈 The Bull Scenario
If price reclaims $72K with conviction and closes above it on high volume, the structure shifts. That opens the door toward:
→ $80K
→ Expansion phase continuation
But it must be a clean break, not a wick.
Invalidation: Failure to hold above $69K within 3 days of the breakout would indicate a trap.
💡 The Real Play Inside This Range
Professionals don't predict. They:
• Scale at extremes • Reduce leverage
• Wait for confirmation • Protect capital
This is not a trending market. It's a patience market.
⚖️ My Take
As long as we remain between $60K and $72K, expect volatility, fakeouts, and emotional traps. The real move begins when one side gets exhausted.
Until then?
Survive the range.
#BTC #CryptoMarket #TechnicalAnalysis #CryptoTrading
