$BTC Market Update | July 12
Bitcoin has completed a significant liquidity sweep, taking out both long and short positions before staging a swift recovery.
Current market structure:
🔹 BTC is consolidating around the 64.0K–64.1K resistance zone, where buying and selling pressure remains evenly matched.
🔹 64.1K is the key level to watch. A decisive breakout could open the door for another leg higher.
🔹 The 63.9K–64.0K region is now serving as the nearest support following the liquidity grab.
🔹 Price remains above both the EMA50 and EMA200, preserving the broader bullish trend.
Weekend trading often slows after periods of elevated volatility. Patience is key—avoid chasing price action and wait for confirmed moves.
⚠️ Liquidity has been swept. The next directional move will depend on which side gains control from here. 📈💜#SpainBeatsBelgium