$BTC Technical Update – Potential Bounce Incoming? 📊
$BTC just broke below monthly open (m0) and swept equal lows around $74,900.
Most of the downside liquidity has now been taken out. Price is currently sitting at a strong support zone.
Key Observations:
➤Large number of longs have been flushed out
➤Late shorts are starting to pile in at these levels
➤Historically, this kind of setup often leads to a local bottom + relief bounce
My Expectation:
Bounce or re-test toward $78K – $80K region.
Heavy liquidity remains above $82.8K (monthly high). If $BTC reclaims and holds above $80K, that area could be the next target.
However, on lower timeframes, it could still sweep remaining liquidity down to $73K – $73.5K first.
What do you think? Will we see a bounce from here? 👇