BTC Stalls at Premium After Vertical Rally — Liquidity Below Bitcoin / U.S. dollarBITSTAMP:BTCUSDBlackGoldMarketHi Guys!! On the H1 chart, Bitcoin has just completed a strong impulsive bullish leg, breaking cleanly above the EMA 89 and accelerating straight into a clearly defined resistance zone around 95,700. This type of vertical expansion typically reflects aggressive buy-side execution, but it also leaves the market structurally imbalanced. As price reaches the resistance area, momentum noticeably slows and candles begin to compress, signaling that buyers are no longer willing to chase at premium levels while early longs start to take profit. The current price action should be read as a post-impulse distribution and pause, not immediate trend continuation. With price holding just beneath resistance and failing to produce strong bullish follow-through, the probability increases that the market will rotate lower to rebalance. Below current price lies a series of stacked liquidity pools and inefficiencies, first around 94,080, then 93,146, and deeper toward 91,800–90,900, which also aligns closely with the rising EMA structure. These levels represent logical downside magnets where sell-side liquidity rests after the sharp rally. From a market structure perspective, a pullback into these zones would be technically healthy, allowing Bitcoin to mitigate the imbalance created by the impulsive move and test whether demand is genuinely strong or merely momentum-driven. If price reacts positively and shows acceptance within the lower liquidity zones, that would provide a stronger base for a renewed bullish continuation later on. However, only a clean and sustained acceptance above the 95,700 resistance would invalidate the corrective scenario. Until then, Bitcoin remains in a premium consolidation phase, with downside liquidity acting as the dominant draw before the next major directional decision.