BTC About to Trap Late Buyers? BTC / Tether PERPETUAL FUTURESMEXC:BTCUSDT.PLeo524 BTCUSDT Analysis Price is currently trading below a key value area after failing to hold higher levels, and the overall higher timeframe structure is leaning bearish. We’re seeing a shift from expansion into a more distributive phase, with price now operating closer to discount but still lacking strong demand response. Liquidity above the recent highs is still intact, and price is slowly pushing towards that zone. However, the reactions so far have been weak, suggesting that any move into that liquidity could act as a sweep rather than a true breakout. On the positioning side, open interest has been gradually increasing while price struggles to push higher. Combined with slightly positive funding, this suggests longs are building into resistance, which often creates the conditions for a downside move if momentum fails. I’m mainly watching how price behaves if it pushes into the 71k–72k area. If we see rejection and failure to sustain above that region, it would strengthen the case for continuation lower. Acceptance above, however, would shift the short-term outlook. Analysis by Leo524. #BTC #Bitcoin #Crypto #Leo524