$BTC swept the liquidity around the 70K zone and immediately showed strong bearish momentum. Since then, the bounce looks more like a correction into resistance rather than real strength, and price has already started rejecting from supply again.
As long as #BTC stays below the 69Kâ69.8K area, the market still looks tilted to the downside and lower liquidity remains the main magnet.
Possible scenarios
Bearish case đ â Rejection continues below 69K
Targets:
âą 67,400
âą 66,200
Bullish case đ â Clean break and hold above 70K
Targets:
âą 70,800
âą 71,200 (external liquidity)