Let me break down how this range is functioning exactly as intended.
In this type of structure, price isn't meant to trend in a straight line, it's designed to move between liquidity zones. Time and again, it will sweep the lows, then rotate upward to clear out the liquidity stacked at minor resistance (MR). That's precisely what played out at the $71K level we marked earlier. Price hit that zone, triggered stop losses and breakout buy orders, then fell right back between the lines we drew.
Th...
Apr 10 Update:
#Bitcoin ETFs:
1D NetFlow: +4,614 $BTC(+$334.63M)🟢
7D NetFlow: +7,358 $BTC(+$533.62M)🟢
#Ethereum ETFs:
1D NetFlow: +23,039 $ETH(+$51.38M)🟢
7D NetFlow: +15,349 $ETH(+$34.23M)🟢
#Solana ETFs:
1D NetFlow: -12,345 $SOL(-$1.05M)🔴
7D NetFlow: -205,520 $SOL(-$17.47M)🔴
https://x.com/lookonchain/status/2042261813124104331
From a technical perspective, $BTC is still aiming for higher levels, and a move toward $80K remains a real possibility. The market is holding above the critical support zone of $69.5K to $70K, which is essential to prevent a deeper selloff.
There’s significant liquidity above the current price, especially since shorting crypto is still the dominant trade. However, I don’t expect this to last, I believe Bitcoin will show strength soon and test higher ground again.
#HighestCPISince2022