$BTC
Today’s 4H price action on Bitcoin against Tether on Binance shows a clear battle between short-term buyers and higher timeframe sellers.
After the aggressive breakdown earlier this week, BTC is now consolidating around the 67K-68K region. Today’s candles reflect compression — smaller bodies, reduced volatility, and declining volume compared to the initial sell-off. This suggests the market is in a pause phase rather than a confirmed reversal.
Price attempted to push higher toward the 69K-70K supply zone but faced immediate rejection. This level aligns with a previous breakdown area (BOS level), making it a strong intraday resistance. Sellers are still defending this zone aggressively.
On the downside, 64K remains the key liquidity level. The sharp wick into that region earlier created a reaction low, but structure has not shifted bullish yet. We are still printing lower highs on the 4H timeframe, which keeps the short-term bias slightly bearish.
Momentum indicators show neutrality -> RSI is hovering mid-range, indicating neither overbought nor oversold conditions. This supports the idea of range-bound trading until a decisive breakout occurs.
Scenarios to watch:
• Break above 70K with volume → potential short squeeze toward 72-74K
• Rejection at current resistance → liquidity sweep back toward 64K
Overall, today’s price action reflects consolidation within a bearish structure. Patience is key. A clear break of structure will likely determine the next impulsive move.
In this environment, risk management matters more than prediction.