$BTC current distribution range is playing out just like these structures typically do.
Price has already swept the recent minor low that part of the move looks complete.
In ranges like this, BTC rarely just holds support and reverses cleanly. More often, it pushes into nearby liquidity first, forces a reaction, and then reveals whether there’s enough strength to rotate in the opposite direction.
If price can stabilize here and start building momentum, the next logical target sits around the 71K minor high above.
That’s usually how these ranges evolve: first, liquidity gets taken on one side,
then the market forces a reaction,
and finally, it decides whether there’s enough strength to move toward the other side of the range.
For now, the downside liquidity has been tapped.
The focus shifts to whether BTC can regain strength and make a move toward the $71K level next.