BTC is currently reacting near a well-defined high-timeframe support zone (66,100 – 66,700), which aligns with a rising trendline acting as dynamic support. Price has already shown signs of internal weakness after rejecting the 75K–76K strong resistance, forming lower highs on the 4H structure.
From an advanced perspective, this area represents a confluence zone:
Liquidity pool resting below recent equal lows
Trendline support (ascending structure continuation level)
Demand zone formed from previous impulsive bullish move
The projected move suggests a liquidity sweep below support, potentially grabbing sell-side liquidity before a strong bullish expansion toward the premium zone (75K+). This would indicate a classic smart money accumulation phase.
However, if price fails to hold this zone and closes decisively below it, we could see a market structure shift (MSS) leading to deeper downside continuation.
Key Scenarios:
✔️ Support holds → liquidity grab → bullish expansion
❌ Clean breakdown → bearish continuation toward lower demand
Patience is key — wait for confirmation (rejection, BOS, or displacement) before entering.