Bitcoin continues to maintain a bullish higher timeframe structure, but price is currently undergoing a corrective phase toward key Fibonacci retracement levels.
Recent price behavior suggests indecision, with liquidity sweeps on both sides of the range.
🧠 Market Structure (SMC)
• Higher timeframe trend remains bullish
• Lower timeframe shows range behavior
• Liquidity sweeps indicate accumulation or distribution
• Price approaching 0.5–0.618 Fibonacci zone
👉 Bias: Neutral → Waiting for breakout
📊 Key Levels
🔴 Resistance / Supply
70,000 – 73,000
🟡 Mid Range
66,000 – 68,000
🟢 Support / Demand
60,000 – 62,000
📈 Expected Scenario
Bullish reaction from 0.5–0.618 Fibonacci zone may push price toward 71,700 breakout level.
📌 Conclusion
Bitcoin remains structurally bullish, but current consolidation suggests a decision phase before the next major directional move.
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