$BTC Tool puts the odds of a cut next week at just 2%.

Warning over BTC price “liquidity grab”

In Bitcoin circles, market participants eyed sellers’ response to continued pushes higher through the week.

“Going to be an interesting day ahead,” popular trader Skew told followers alongside a chart of exchange order book liquidity.

“Sellers have been defending $97.2K & shorts continue to scale into price. Passive spot flow will probably again decide the trend.”

Fellow trader Daan Crypto Trades warned that current local highs may end up a ploy to take liquidity before a reversal.

“$BTC Broke out of the $93K to $96K range after price action got compressed for about a week,” part of an X post read prior to the macro data releases.

“So far it's a similar setup as the week before, but I wouldn't want to see it trade back into that $93K-$96K range or this would just be a liquidity grab.”

Another popular trader known as TheKingfisher referenced bid liquidity as a reason for a short-term dip to $95,000.

Trader and analyst Rekt Capital, meanwhile, gave an end-of-week BTC price target requirement of $99,000.

“If Bitcoin continues to hold above $93,500 (as it has been thus far), then price will be positioned for a move across the range,” he explained alongside the weekly BTC/USD chart the day prior.

“However, it's key that $BTC breaks the black Lower High resistance within this Range which is positioned at ~$99k this week.”