The Bitcoin market has just reached the zone we identified as the final bullish target, around $73,000.
At this stage, it becomes important to step back and observe the overall structure rather than continuing the bullish move at all costs.
🔴 The risk of a pullback is increasing.
A large portion of the liquidity above the market has already been absorbed, which progressively reduces the short-term upside potential.
In the corrective scenario, the main liquidity zones to watch are around:
61,000–62,000 $ with more than $13 billion $ of bearish liquidity
60,000–57,000 $ with approximately $20 billion $ of bearish liquidity
These zones could therefore become potential targets in the event of a correction, especially if the Elliott wave structure confirms an extension of wave C.
We are near a local top after a significant bullish move. Therefore, this is not necessarily the ideal area to become aggressively bullish.
The weekly close will be particularly important: it will help determine whether BTC can continue its rise or whether the market truly begins to enter a corrective phase.
For now, the market remains in a zone where risk management is more important than blindly chasing the move.
At this stage, it becomes important to step back and observe the overall structure rather than continuing the bullish move at all costs.
🔴 The risk of a pullback is increasing.
A large portion of the liquidity above the market has already been absorbed, which progressively reduces the short-term upside potential.
In the corrective scenario, the main liquidity zones to watch are around:
61,000–62,000 $ with more than $13 billion $ of bearish liquidity
60,000–57,000 $ with approximately $20 billion $ of bearish liquidity
These zones could therefore become potential targets in the event of a correction, especially if the Elliott wave structure confirms an extension of wave C.
We are near a local top after a significant bullish move. Therefore, this is not necessarily the ideal area to become aggressively bullish.
The weekly close will be particularly important: it will help determine whether BTC can continue its rise or whether the market truly begins to enter a corrective phase.
For now, the market remains in a zone where risk management is more important than blindly chasing the move.