$BTC in a liquidity hunt phase.
Price spiked upward aggressively, swept the highs (likely grabbing stop losses or triggering breakout entries), and is now breaking below the most recent consolidation support zone near $102,500, indicating a potential shift in structure.
Here’s a breakdown:
Key Observations:
• Stop-hunt wick above $105,000: Classic move to trigger buy-side liquidity.
• Current candle breaking below support (~$102,000): Suggests a fakeout or bull trap.
• Price may now seek downside liquidity, possibly targeting the next visible demand zones: $98,000, $95,700, or even $90,800.
Conclusion:
BTC just completed a liquidity sweep at the top, and with this breakdown candle, it’s likely headed to collect liquidity below. This could be a prime setup for a short-term bearish move unless reclaimed quickly.
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