$BTC
$BTC$ printed a significant long liquidation at $68946.4$, indicating aggressive downside pressure and forced exits from late buyers. This confirms weakness after rejection near local highs.
Price is now trading below the $69000$ resistance and struggling to reclaim it. Lower timeframe structure shows a shift from higher highs to lower highs, signaling a possible short-term trend reversal. Liquidity is resting below $68000$ and $66500$.
EP: $68800$ – $69000$
TP1: $67800$
TP2: $66500$
TP3: $64800$
SL: $70200$
Trend structure is weakening with clear rejection from resistance.
Momentum favors sellers after the large long liquidation and breakdown.
Liquidity below $68000$ increases the probability of continuation toward $66500$ and lower.
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