Around $71K there is no clear edge. Bulls are not getting confirmation and bears are not getting a breakdown. It is just a liquidity battle in the middle of the range.
The problem for bulls is that the $78K area is a heavy supply zone. A lot of previous buyers are still looking to de risk there, so every move toward the upper part of the range runs into sell pressure.
At the same time the liquidity below is very obvious. The $65K region holds a large cluster of stops and resting bids, which tends to attract price before the market commits to the next real trend.
My view right now is that $BTC likely sweeps lower liquidity first and revisits the $65K area before any serious attempt at breaking the top of the range. The structure still looks like a range that needs a proper reset before continuation.
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