Another flush? Don’t get trapped by the fear.
$BTC got rejected again from the 64K resistance zone and the whole market instantly turned bearish.
But looking at the bigger structure, this drop still feels like a liquidity grab rather than the start of a major breakdown. Price is sweeping late longs while encouraging fresh shorts to jump in.
I’m still expecting a push toward the 68K–70K region first before any larger correction comes into play. The current rejection looks more like fuel collection than trend reversal.
My view: Bullish medium-term, despite the short-term weakness.
If this is a trap, the next move could be a brutal short squeeze that catches most bears offside.