In the 4-hour chart, Bitcoin is selling off after taking liquidity from the $75,000 area without retesting 81k.
This movement usually results from targeting Monday's low liquidity followed by attempts to retry the range high, but trades should not be made without stops.
If a close below around 74k does not occur, bullish setups can be established. Between 70k/68k is, in my opinion, a nice other buying zone.
The last drop is more of a liquidity sweep rather than a structural break, so the price is still within a range market in the short term.
As long as there is no 4H close below 74,000, declines will remain as reaction buying, while the $80,000 range above is a strong supply area.
Instead of seeking direction before this band breaks, it would be healthy to create trades buying at support and selling at resistance. $BTC $ETH $SOL #StrategyBTCPurchase #GoldSilverRebound