The move off the left side of the chart was heavy. Real selling. Then came that sharp flush — the kind that feels like forced liquidation, not slow distribution. Fast down. Fast snap back up. But that bounce? It wasn’t steady accumulation. It was vertical. Reactive. Corrective.


Since then, price has just… sat there.


Grinding inside a range. Stuck beneath that obvious supply zone near the prior breakdown area around 72k. Price pushed into it once and got rejected clean. No ambiguity. Sellers defended it. That’s inventory protection, not random noise.


After that rejection, BTC didn’t collapse. It didn’t explode either. It just started drifting lower. Controlled. Compressed. Quiet.


And that’s important.


When markets truly dump, they usually bounce hard. Violently. When they drift lower like this, it’s more about positioning getting adjusted than panic liquidations. It’s slow pressure, not emotional capitulation.


The most telling move on the chart is the wick below 66k. 🧨


Liquidity got taken. Stops triggered. And then price immediately accepted back above that level.


That matters.


If sellers had real continuation strength, they would’ve pressed it lower after that sweep. They didn’t. The response wasn’t explosive, but it was deliberate. Buyers stepped in exactly where stops were vulnerable.


Now short-term bears are in a weird spot. 😬


Late shorts entered during the drift lower. Breakout longs above 72k are still trapped. That’s positioning tension. And tension creates tradable bounces — not because everyone is bullish, but because people are uncomfortable.


That said, this isn’t a confirmed reversal. Not even close.


No higher high. No decisive reclaim of mid-range structure. Price is still trading below the zone where sellers previously won. So any long here is tactical. It’s a reaction play. Not a trend shift.


As long as price holds above that swept low and continues accepting above it, a rotation toward range highs is structurally reasonable. Lose that level with acceptance, and the entire bounce thesis collapses. At that point, continuation lower becomes the higher probability path.


Trade Plan – Long 📈


Entry: 65,800 – 66,500

Stop Loss: 65,400 ❌

TP1: 68,200 🎯

TP2: 69,800 🎯

TP3: 71,800 🎯


This trade exists for one reason: downside liquidity was swept and failed to follow through. That signals exhaustion, not expansion.


Structure supports mean reversion toward the upper range while price holds above the sweep zone.


If price re-accepts below the low, the idea is wrong.


Simple as that. 🧠