BTC This is a potential scenario I’m currently observing. Looking at the current structure, we can see that price is moving in a clear downtrend with lower highs and lower lows, suggesting that sellers are still in control. Since price has been grinding lower over the past 1-2 weeks, a decent amount of liquidity has built up above price, especially around the previous high at $84k. Now that buyers have once again defended the range lows, a push towards that liquidity target becomes possible. The grey zone is currently strong resistance, as this is where not only last week’s open and the monthly open sit, but also the Golden Pocket of the initial push lower from the range highs. I can imagine a scenario where price sweeps these highs and takes out a decent amount of shorts before reversing and once again getting rejected from that area. Should bullish momentum, on the other hand, be strong enough to reclaim the previous high, we will very likely see a continuation towards $87k, or potentially even higher if we can get a confirmed break above the upper boundary of the range.