$BTC held the 69K level firmly and swept liquidity around the 72K highs. Price is now sitting at a key decision zone. If we lose the 71.5K–72K area, a downside move toward the 68K–69K range for another liquidity sweep becomes likely.
However, if bulls manage to defend this level and reclaim 72K convincingly, the path toward 74K–77K opens up, a target I’ve highlighted multiple times.
Keep in mind that FOMC is scheduled for next week, so this current move could simply be the market’s “pricing-in” phase ahead of the announcement.