Bitcoin is clawing its way back from that recent selloff yet the market stays pinned under a heavy resistance cluster that has blocked every relief attempt since the June drop. While the short term push feels a touch stronger BTC now sits at a key decision point that could spark a bigger reversal or leave this as just another corrective wiggle inside the bearish setup.
Daily Frame Whispers 🕸️
On the daily Bitcoin lingers in its downtrend trading under both the 100 day and 200 day moving averages that keep tilting lower. The climb from the 58K to 61K demand zone has steadied price action for now but the asset remains capped by the main resistance band between 64K and 66.5K. A fresh higher low has formed inside that broader support area while the RSI prints higher lows even after June’s weakness. This quiet bullish divergence hints that selling pressure is easing and buyers are slowly taking the reins again. Still the structure stays bearish until BTC reclaims the 64K to 66.5K supply zone which lines up with old support turned resistance. Clearing it could open the door toward 72K to 74K next while a rejection might drag things back to the 60K support.
Four Hour Pulse Check 🌑
The four hour view looks more promising after Bitcoin built a base near the 58K to 59K demand pocket and launched a sharp rally straight into the descending trendline from mid June. Price recently cleared local liquidity above prior highs in the 61K to 62K area before hitting resistance at that trendline. This sweep matters because it wiped out nearby buy side orders and let the market test a critical technical spot. The setup points to a shift from lower highs toward a potential breakout. A clean move past the trendline plus the 64K to 66K zone would brighten the bullish case and speed things toward higher targets. If it fails another consolidation phase could unfold between 60K support and the 64K to 66K supply area. Holding above 60K to 61K keeps the short term recovery alive.
Liquidation Heatmap Glimpse 🦇
The 48 hour liquidation heatmap shows heavy liquidity clustered above current price especially around the 64K to 66K area. This matches the resistance zone from the four hour chart and acts as a strong pull for price. The intra range liquidity spots on the chart align with this data confirming that recent moves have targeted pockets within the range rather than trending hard. The biggest liquidation cluster sits overhead near 65K to 66K marking a logical target if momentum holds. Bitcoin often drifts toward these pools before choosing its next direction. Clearing that overhead liquidity with acceptance above 64K to 66K would support a push toward higher resistance. Yet a sweep followed by rejection might signal just another liquidity fueled move before another test lower. Both the structure and the data point to a slight upside bias with that overhead cluster as the nearest near term magnet.
Just another echo from the void by iconofsin.eth 💖
