UPDATE BINANCE :$BTC
Crush market all crypto user BTC macro pressure is building as equities reverse lower after Fed officials pushed back on aggressive rate cut expectations. That shift in liquidity sentiment directly impacts risk assets, and $BTC is reacting accordingly.
On the higher time frame, $BTC remains in a broader bullish structure, but on the lower time frames momentum has shifted bearish after failing to hold above the recent breakout zone. Price swept liquidity above the prior high and is now trading back below that level, signaling a potential distribution phase.
The immediate resistance sits around $52,800–$53,200, which was the recent supply zone and breakdown area. Key support rests at $50,400, followed by a deeper liquidity pool near $48,900. Order flow shows sellers defending rallies, and volume expanded on the rejection candle, confirming supply dominance.
This setup currently favors a short-term bearish continuation toward lower liquidity before any sustainable recovery.
EP: $51,900 – $52,200
TP1: $50,400
TP2: $49,600
TP3: $48,900
SL: $53,450
Trend strength on the intraday structure has shifted bearish after a lower high formed beneath $53,200.
Momentum is weakening with rejection from supply and failure to reclaim prior breakout support.
Liquidity sits below $50,400 and $48,900, making downside continuation statistically favored before any bullish expansion.
