BTCUSDT 4H: Range-Bound Consolidation — Liquidity Sweep or Anoth

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BTCUSDT 4H: Range-Bound Consolidation — Liquidity Sweep or AnothBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PDayTradeLineFollowing a strong bullish impulse, Bitcoin has transitioned into a well-defined consolidation phase on the 4-hour timeframe, oscillating between key resistance at $87,200 and horizontal support at $82,900. The recent rejection at range highs formed a clear liquidity sweep, pulling the price back down toward the range equilibrium around $84,500. However, buyers continue to defend the ascending support line, keeping the broader medium-term structure intact. Key Technical Observations: Range High (Resistance): The $87,200 – $87,500 region remains the primary hurdle for bulls, with visible rejection wicks indicating strong overhead supply. Range Low & Dynamic Support: The horizontal base at $82,900 is reinforced by an ascending trendline forming a series of higher lows, creating an ascending triangle/wedge structure.