$BTC

Price expanded aggressively from the 75.3k lows, breaking structure and taking liquidity above 77.7k. That impulsive leg is clean and leaves a clear imbalance below.

Since tagging the highs, price has stalled and is printing a tight range just under resistance ~77.3k – 77.7k This is a classic post-liquidity condition — either continuation after absorption or short-term distribution.

Bullish scenario:

Acceptance above 77.7k signals continuation.

Entry on breakout with hold above highs.

Target: expansion into fresh liquidity above.

Invalidation: failure and quick return inside the range.

Bearish scenario:

Loss of 77.3k opens a rotation back into the inefficient move.

Entry on rejection from highs or breakdown.

Target: 76.8k → 76.2k.

Invalidation: reclaim of highs.

Price is sitting at the top of the move. Not an ideal location to initiate unless there is confirmation.