$BTC higher-timeframe structure still looks bearish. After sweeping multiple buy-side liquidity pools and printing new highs, price failed to maintain momentum and eventually broke market structure to the downside. Since then, BTC has continued to form lower highs, first around the 100k region and later near 80k, suggesting that sellers remain in control of the broader trend.
One of the most notable observations is that most major liquidity resting above price has already been taken. In contrast, a significant pool of sell-side liquidity remains below the market around the 55.3k area. This zone contains equal lows and likely clusters of stop losses, making it an attractive target for price if the current bearish structure continues to play out. With BTC trading not far above this level, the liquidity draw toward 55k remains difficult to ignore.
That said, reaching the 55k area does not automatically imply a bullish reversal. In many cases, smart money seeks liquidity before a larger reaction occurs. For a meaningful shift in market structure, Bitcoin would need to sweep lower liquidity, show strong bullish displacement, and reclaim key resistance levels. The 80k region stands out as the first major area that bulls would need to recover to invalidate the current bearish outlook.
For now, the overall picture remains unchanged. Buy-side liquidity has largely been harvested, while the largest untouched liquidity pool sits below current price. Until BTC can reclaim and hold above key resistance, the higher-timeframe bias remains bearish, with the 55.3k liquidity zone continuing to act as the most logical destination for price.