$BTC
Price delivered a decisive liquidity sweep into $62,510, triggering stop-driven selling before printing an aggressive rejection and momentum reversal. The failure of sellers to sustain downside continuation signals strong absorption, while the reclaim of the $64,000 region confirms structural recovery and early trend stabilization. Current price action shows compression with higher lows forming, indicating preparation for upside rotation toward range highs.
EP: $63,800 – $64,200
Alternative breakout EP: Above $64,500
TP1: $65,000
TP2: $65,900
TP3: $66,600
SL: $62,400
The higher timeframe trend remains constructive with the liquidity event acting as a reset rather than a reversal, preserving bullish market structure. Momentum has shifted positive following the reclaim of $64,000, with improving candle strength and reduced selling follow-through confirming buyer control. Liquidity now sits above $65,000 and into the prior $66,600 high, creating a clear path for expansion if buyers defend the entry region and volume accelerates through the breakout level.