$BTC Update

This is how a real range forms after a heavy selloff — and why most traders misread it.

The flush to $60K was the selling climax. Panic, forced exits, peak supply — that defines your low.
The bounce to $72K was the reaction rally. Relief move, short covering — that defines your high.

That’s your range.$BTC $60K–$72K becomes the battlefield.

From there, the range isn’t random noise. It’s a process. It’s the market revealing who’s quietly taking control.

If buyers are gaining control, volume should gradually contract as the range matures. Down moves become shorter and less aggressive. Upside legs start expanding. That’s absorption — demand quietly taking supply.

If sellers are in control, volume stays elevated. The range feels unstable. Drops are fast and wide. Bounces are weak and overlapping. That’s distribution — supply overwhelming demand.

Now look at the structure that formed. Volume never really cooled off. Upside attempts lacked conviction. Down candles consistently expanded wider than the up candles. Sellers pressed for two straight weeks.

The range already showed its hand.$BTC

The selling climax and reaction rally only set the boundaries. The real signal comes from how price behaves inside the range. That’s where the next directional move is decided.

Most people see chop.
The tape is actually telling a story.