🔴 $AVAX /USDT – Liquidity Sweep Rejection, Bears Regaining Short-Term Control
AVAX recently tapped the liquidity above $7.079 but failed to sustain momentum, triggering a clear rejection and Shift of Market Structure (BOS to downside). Price is now compressing near $6.788 after a steady sequence of lower highs and bearish continuation candles, showing weakening bullish pressure and active distribution from the supply zone. The market is currently testing a critical intraday demand around $6.740–$6.735; a clean break below this level could open room for extended downside toward $6.60 zone, while any recovery must reclaim $6.870–$6.900 to neutralize bearish structure and shift momentum back to buyers. Short-term volatility remains elevated, and price is likely preparing for the next impulsive move after this consolidation phase.
Focus: Liquidity grab → rejection → bearish continuation unless structure is reclaimed.
