BTC has surged through the buyers in this range, wiping off sell-side liquidity.
With that side of the market largely drained, the next natural move—assuming there is still bullish intent—is a push to the opposite side to target the remaining liquidity.
Liquidity is what drives prices. When one side is exhausted, the price tends to shift to the other side, where orders are still resting.
As long as the low of ~$68,858 is maintained, the range structure will continue. A collapse below that level would indicate weakness and would likely disprove the current range assumption.
Now it's down to one question: does BTC have enough strength to continue rising from here?
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