Description
BTC is retesting a local supply zone after a sharp downside leg, with price compressing beneath the 72,596 baseline (ENTRY). If sellers maintain control under this area, the chart leaves room for a continuation into lower liquidity pockets.
Structure notes
Lower highs into local supply suggest fading momentum on bounces.
A clean push below 72,596 would align the intraday structure with the prior down‑move.
I’m tracking downside liquidity at the marked green lines.
Key levels (from chart)
Entry interest: ~72,596
Targets: 72,032 → 71,007 → 70,092
Invalidation: A decisive break above the red supply cancels this view for me.
This is a market observation, not a signal. I’ll reassess if price reclaims the supply zone with strength.
DISCLAIMER: EDUCATIONAL PURPOSES ONLY NOT A FINANCIAL ADVICE
