$BTC is currently putting on a masterclass in how range structures operate. If you’ve been watching the price action closely, you’ll notice it’s following the classic "liquidity hunt" script.
The Current Setup
The recent price action did exactly what these structures tend to do: it hunted the minor low. That part of the mission is officially complete. In crypto, price almost never sits at support and makes a "clean" turn. Instead, it prefers to:
1:Run nearby liquidity.
2:Force a reaction from late sellers/trapped buyers.
3:Prove its strength before rotating back.
4:The Consolidation Phase
Right now, we are stuck in the "waiting room." We aren't breaking down, but we aren't expanding yet either.
The Goal: Stabilization.
The Target: Ican build a base here, the draw on liquidity is clear—that $71,000 minor high is the obvious magnet.
The Game Plan
•Ranges move in three distinct steps:
•Take the weak lows (Done ✅)
•Force a reaction (In progress ⏳)
•Fuel the move to the other side (The $71k target)
Bottom Line: The low has been swept. Now we watch to see if there is enough fuel to push toward $71,000 or if the momentum stalls out.$ETH
Market Watch:
•BTCUSDT (Perp): $66,282.4 (-1.67%)
•NOMUSDT (Perp): $0.003277 (-3.24%)
•ONTUSDT (Perp): $0.0758
#BTC #CryptoAnalysis #BinanceSquare #Trad
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