Bitcoin Shows Classic Liquidity Hunt As Weekly Candles Trigger Sharp Reversals

• Bitcoin failed near 71.5K after weekly sweeps above resistance triggered sharp reversals.
• BTC trades near 67.3K below the 71.3K trendline, with 66K–64K support under pressure.
• RSI near 45 and MACD below zero keep focus on 64.9K and 63K downside levels.

Bitcoin is trading in a narrow band after several failed moves near resistance. Weekly candles have swept key levels and then reversed fast. That pattern has kept traders focused on liquidity, leverage, and the next likely sweep.

Weekly Reversals Point to Liquidity Hunts

Recent weekly candles have shown sharp moves above key levels before quick reversals. As a result, traders are watching for repeated liquidity grabs. The pattern has appeared more than once in recent weeks.

One move swept the external range highs and then closed with strong selling pressure. That close shifted attention back to the downside. Soon after, the market tried to rebalance and pushed higher again.

The next weekly candle moved toward 71.5K and forced late shorts out. However, the rally did not hold. Price reversed again and added to the bearish tone.

The current weekly candle also began with another move above nearby levels. That happened after a bearish weekly close. Because of that, traders saw another attempt to rebalance before direction returned.

Daily Structure Keeps Pressure on Price

The daily chart still shows a broader bearish structure. Price remains under a descending trendline, and rallies continue to fade. Therefore, the market has not confirmed a clear reversal.

Bitcoin is trading near 67.3K, while the trendline sits around 71.3K. That area remains the first major barrier. Until price breaks above it, rallies may stay limited.

There is also a supply zone between 75K and 77K. That area may attract sellers if Bitcoin moves higher. On the downside, support sits near 66K to 64K.

A deeper support zone appears near 60K to 61K. That level held after the sharp selloff earlier in the chart. For now, price is moving between support and trendline resistance.

Exposed Lows Stay in Focus

Traders are now asking which side of the market remains exposed. Based on the recent structure, downside liquidity still appears open. That has kept attention on the lows near 64.9K.

The external range low near 63K is also being watched closely. If the price moves lower, that area could be tested next. Such a move would fit the recent pattern of sweeps.

At the same time, momentum signals remain weak. The RSI is near 45 and below the neutral 50 line. That reading shows limited strength in the current bounce.

The MACD also remains below the zero line. That suggests bearish momentum has not fully faded. Because of that, the market still has room for another move lower.

Compression Builds Before the Next Move

Current price action may be a period of compression. In that setup, both longs and shorts can be cleared before a larger move begins. This keeps traders cautious near range edges.

One path would see a short squeeze before another move lower. That would clear nearby sellers and then shift focus back to the lows. Another path would take the price lower without a fresh push up.

Both paths keep 64.9K and 63K in focus. Meanwhile, resistance near 71.3K still matters most on the upside. A daily close above that level would weaken the bearish setup.

One market analyst wrote, “I’m watching for downside sweeps to trigger hedge longs against my short at 72.8K.” That comment reflects a defensive trading plan. It also shows that traders are preparing for more volatility before a clearer trend appears.

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