BTC Market Structure Update: Liquidity Grab and Reversal TargetsBitcoin vs US DollarPEPPERSTONE:BTCUSDfxtraderanthonyBitcoin is currently testing a critical resistance level, and the price action is screaming "distribution." In this technical breakdown, we analyze why the current sideways range suggests big money is offloading longs into resting liquidity before a potential move lower. 📉 Market Context & Bias: On the higher timeframes, BTC remains in a structural downtrend. While the recent rally showed strength, we are now significantly overextended. We are currently observing a tight consolidation at a key supply zone. This "boring" price action often precedes a violent expansion; based on the institutional footprint and the liquidity resting above previous highs, I am hunting for a short entry. The Game Plan: I am looking for a liquidity sweep of the current highs followed by a displacement back into the range. My target remains the previous support levels below. Crucial Note: Even if we break above this range, I will not be chasing longs. At these levels, the risk-to-reward ratio for a buy position is poor, and the probability of a "bull trap" is high. 📊 Risk Disclaimer: Trading involves significant risk. The analysis provided is for educational purposes only and does not constitute financial advice. Always use a stop-loss and manage your risk according to your personal trading plan.