COIN bullish reset: targeting $185COINUSDT Perpetual Swap ContractOKX:COINUSDT.P3CommasThe Macro Picture 🗺️ Ten days after the liquidity sweep into $145 marked the capitulation low, COIN has carved a textbook bullish reset: the $160 macro floor was reclaimed without a retest, the $170 prior target tagged cleanly, and price extended into $175 before cooling. The current pullback to $165 is a healthy retest of the breakout foundation, not a structural breakdown — bulls are defending the reclaim, the RSI has lifted off the 30 capitulation print toward the mid-40s, and the path of least resistance now points back toward the $185 supply layer that defined the late-May distribution. The structure has flipped, and bears need a fresh catalyst to invalidate it. The Setup ⚙️ The Higher Low: The $160–$165 retest zone is carving a structurally clean higher low against the $145 sweep — the textbook pattern that confirms a sweep-and-reverse rather than a dead-cat bounce. Buyers are defending the reclaimed macro floor on declining selling pressure, and the moving average has flattened beneath price, removing the overhead drag that capped every May/June bounce attempt. The Trigger: A clean reclaim of $170 flips the prior bearish target into confirmed support and opens the path toward the major supply zone above. This is the level where trapped shorts from the $145 sweep face their first real squeeze, the kind of mechanical fuel that often accelerates the next leg into untested territory. The Roadmap: Primary target sits at $185 — the underside of the late-May breakdown zone is the natural next destination, where bears trapped from the distribution leg desperately need to exit. Invalidation: a sustained 1D close back below $160 would invalidate this bullish continuation thesis and reopen the path toward the $148–$150 retest of the sweep zone.