Most traders assume this push into resistance will trigger an immediate trend reversal, but it is actually setting up a deliberate liquidity run straight through overhead sell orders.
After bouncing strongly off the bullish order blocks near $62,500 and $63,000, price is expanding directly toward two prominent red bands marked with heavy overhead liquidity. This aggressive push is designed to sweep stop losses sitting above previous highs before any meaningful pullbacks occur.
Once price fills these upper supply zones, the path projects a corrective wave structure back down toward key support blocks. Understanding how liquidity gets targeted at resistance keeps you ahead of sharp volatility spikes.
Price doesn't reverse at resistance because it's strong; it reverses after taking out the liquidity above it.
#BTC #Bitcoin #CryptoAnalysis
After bouncing strongly off the bullish order blocks near $62,500 and $63,000, price is expanding directly toward two prominent red bands marked with heavy overhead liquidity. This aggressive push is designed to sweep stop losses sitting above previous highs before any meaningful pullbacks occur.
Once price fills these upper supply zones, the path projects a corrective wave structure back down toward key support blocks. Understanding how liquidity gets targeted at resistance keeps you ahead of sharp volatility spikes.
Price doesn't reverse at resistance because it's strong; it reverses after taking out the liquidity above it.
#BTC #Bitcoin #CryptoAnalysis