Most traders are still trying to label this phase as bullish or bearish. Experienced participants aren’t—they’re tracking positioning and liquidity.

BTC/USDT isn’t trending cleanly. Price is rotating in a controlled range, taking highs and sweeping lows without follow-through. That’s not randomness—it’s structured movement.

Liquidity is the real driver here. It sits above equal highs and below support, and price repeatedly taps those zones only to reject. This behavior points to absorption, not breakout strength.

One detail most overlook: volume expands at the edges of the range and fades in the middle. That’s not continuation—it’s inventory being managed.

This isn’t a market moving with conviction. It’s a market deciding.#BTC走势分析 #BTCBackTo70K #BTC #BitcoinDunyamiz #DriftProtocolExploited $BTC

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