Bitcoin (BTCUSD) - Reversal from Demand & Liquidity SweepBitcoinCRYPTO:BTCUSDoademirciTechnical Analysis Overview On the 1H timeframe, Bitcoin has recently swept the sell-side liquidity near the $64,000 - $66,000 area, tapping into a crucial Demand Zone (blue line/box). After identifying a Weak Low, the price action is now showing signs of stabilization and potential trend reversal. Key Insights & Market Structure: Liquidity Hunt: The recent dip functioned as a purge of late long positions. Now that the liquidity has been neutralized, I expect a shift in market character (CHoCH) to the upside. Resistance Clusters: On the way up, we have several minor supply zones (red areas) around $70,000, $72,000, and $74,000. These levels might act as short-term hurdles or consolidation points. The "Strong High" Target: The ultimate goal of this bullish expansion is the major Supply Zone (purple box) located between $88,000 and $90,000. This area represents unmitigated institutional sell orders. Volume Profile: Buyers are stepping in near the value area low, suggesting that the "discount" price is being heavily bought. The Trade Plan: Bias: Bullish Continuation. Target 1: $74,500 (Previous swing high/Strong High). Main Target: $89,000 (Psychological resistance & Supply zone). Invalidation: A decisive close below the $64,000 Weak Low would invalidate the current bullish structure. Note: Crypto markets are highly volatile. This analysis is based on current price action and market structure. Always manage your risk.