
BTC selling pressure starting at $82,850 pushed prices down to $59,130, resulting in a primary damage of approximately -24% as the range base was invalidated, causing the structure to tilt downward. What followed was not a clear reversal, but rather what appears to be liquidity absorption. After stop-losses were triggered at $64,092, price was reabsorbed and is now hovering near the midpoint of the $59,130–$82,850 range, attempting to revert toward its average. I interpret this not as the start of a new trend, but as a structure taking a breath after a sweep. Therefore, my expectation is not for a one-way move, but rather for a potential upward reaction within the range. The first test lies at the resistance zone of $68,012–$69,384. I see $68,700 just below this zone as the initial target; in my view, the most likely path is for price to test this band. My scenario: $67,122 → $69,300 → $73,310 → $70,990 As long as price fails to break above the declining resistance at $73,310 with volume, this remains a range-bound movement—I do not anticipate a sustained breakout. The only thing that would prove me wrong is a daily or weekly close below $59,130. In that case, I would accept that the range base has been lost and the downward structure is continuing. Until then, I view price as consolidating within this band, moving toward the resistance zone.
