So why isnβt the price going up?
Because for price to move higher, the market needs to enter a liquidity exhaustion phase β clearing out remaining liquidity so that when it pushes up, thereβs minimal resistance.
The BTC chart is currently showing price holding below the 69k POC. This is a level where price keeps getting suppressed by short-term sellers. The main objective is to sweep the remaining liquidity before the market resumes its upward trend.
β’ A liquidity sweep with explosive volume, or
β’ Sideways movement with declining volume (sign of exhaustion), followed by a strong breakout back above the POC.
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If price shows weak reaction, watch closely around 65kβ66k. Volatility can still come unexpectedly.
Swing long zones: 60k or 69k.
Scalp: Current levels for a 1β2k move offer better optimization.
If dominance drops, altcoins like ETH could perform much better. However, breaking out of the larger range will still require stronger buying pressure β patience is key.
Short-term analysis is about price behavior, not necessarily trend direction.
As a scalper or intraday trader, itβs better to stay neutral rather than making decisions based on large macro trends.
Even a strong company can see its stock drop 20β40% short term due to news β the company remains solid, and it simply creates opportunities for long-term holders.
BTC is strong, but that doesnβt mean it has to go up today, tomorrow, or even in the next few months. Opportunities donβt disappear β so thereβs no need to fear missing out.
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