Bitcoin Tests Range Low, Reclaim Setup at $96K?BitcoinCRYPTO:BTCUSDThe_Alchemist_Trader_Bitcoin price action continues to trade near the range low of its high-time-frame structure, hovering around the sub-$96,000 region. This area represents a critical point where a deviation / failed auction setup could form — a scenario where price briefly breaks below support, captures liquidity, and then reclaims the level to initiate a strong rotation back into the established range. - Range Low Test: Bitcoin is sitting near $96K, the bottom boundary of its macro range. - Key Confluence: The zone aligns with the 0.618 Fibonacci, increasing its technical importance. - Deviation Potential: A sweep below $96K followed by a strong reclaim could form a swing-low reversal setup. For this scenario to materialize, Bitcoin needs to show bullish volume support as price interacts with or reclaims the level. Without that influx, the risk of breakdown and continuation lower remains present. If volume confirms and price reclaims the $96K region, Bitcoin could establish a new swing low and rotate back toward the mid-range and upper boundaries.