$BTC still can't hold inside that November–January range it left behind during the bear — roughly $80K to $97K. That was the first real relief bounce off the lows, so getting rejected on the first test back? Not shocking.
But if we keep failing to accept above $87K, odds go up that price hunts the liquidity sitting below before it tries again. Once we start closing weekly candles above $87K, then we can start grinding through that old range toward $93K–$97K.
Until that happens, expect chop. Liquidity hunts. Both sides getting their face ripped off.
But if we keep failing to accept above $87K, odds go up that price hunts the liquidity sitting below before it tries again. Once we start closing weekly candles above $87K, then we can start grinding through that old range toward $93K–$97K.
Until that happens, expect chop. Liquidity hunts. Both sides getting their face ripped off.
