$BTC USDT — REJECTION CONFIRMED. LIQUIDITY JUST SPOKE.
This chart is whispering first… and it’s about to start shouting.
BTC pushed up, tapped the 71,000–71,100 supply zone, and got violently rejected. That upper wick isn’t noise — it’s smart money unloading into late longs. The follow-through tells the story: lower high printed, momentum flipped, sellers stepped in with intent.
Zoom in and the structure is clear:
Relief bounce ✔️
Failure to reclaim highs ✔️
Sharp sell candles with little overlap ✔️
That’s distribution behavior.
The drop from ~70,733 into 70,360 came fast — no fight, no absorption. Buyers didn’t defend. That usually means liquidity below is unfinished business.
🔍 Key Levels to Watch
Resistance: 70,700 – 71,050 (supply + rejection zone)
Immediate Support: 70,250 (weak, already tested)
Liquidity Pool: 70,000 → 69,500
If price fails to reclaim 70,700, every bounce is just a setup for continuation lower.
🧠 Market Read
This isn’t panic selling — it’s controlled distribution. The kind that drains buyers slowly, then pulls the floor when confidence fades.
Momentum has shifted short-term. Structure favors sellers until proven otherwise.
Stay sharp. Let price confirm.
This market doesn’t warn twice.
Trading involves risk.
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