Massive Liquidity Sweep & Recovery
The chart clearly depicts a significant market manipulation event where price violently broke structure (BOS) below $69,000, aggressively sweeping “Sell Side Liquidity” (SSL) beneath the $57,000 mark. This forceful move suggests smart money initiated a deep hunt for stop losses, accumulating long positions at extreme discounts before orchestrating a powerful reversal, driving price swiftly back into the previous trading range and now consolidating around the 4H New York Open Candle Point of Interest (PO3) near $69,304, indicative of a potential re-accumulation phase after flushing out weak hands.
HEADING: Failed Higher Highs & Distribution
