Bitcoin continues to grind lower following several liquidity sweeps, with the sell-off now tightening into a more controlled downward structure. After the sweep of the all-time high, sentiment clearly shifted, followed by another daily sweep that filled both the daily and 4H imbalances. Once price lost the mid-range zone and began reacting to it as resistance, the market started drifting toward the next major area of interest.

Range-Bound Structure

The current structure is characterized by a clear sequence of lower highs paired with sharp, impulsive declines. Each drop follows a liquidity grab and subsequent displacement, signaling a market actively probing for true demand. The gray zone that once acted as support has now flipped into resistance, reinforcing the bearish tone and suggesting the trend will remain pressured until price reaches a deeper demand area.

Critical Support Level & Market Outlook

The most critical support area lies between $72,000 and $75,000, marking the nearest significant higher-timeframe zone beneath current price. This region has not been retested since the previous major accumulation phase, and a clean move into it could provide the foundation for a new bullish leg. However, if this zone fails to hold, the next substantial support sits much lower, and any breakdown could trigger a sharper downside extension before the market attempts a recovery.