📉 $BTC
Bitcoin is currently trading inside another tight consolidation range after sweeping the previous low. Historically, similar setups have often resulted in continuation of the existing trend.
A key factor to watch is the market's reaction after touching an important support zone. Strong support usually produces a sharp V-shaped rebound. However, when price keeps ranging around a critical level for an extended period, that support tends to weaken and becomes more vulnerable to a breakdown.
Since $BTC experienced a sharp drop shortly after the monthly candle opened, the most likely scenario is continued sideways movement, a possible liquidity sweep to the upside, and then another push lower if sellers remain in control.
⚠️ Short-term outlook: Neutral to bearish
📊 Key focus: Range support, liquidity grabs, and confirmation of trend continuation.
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