Bitcoin: Demand Zone Reset After Liquidity Sweep
The market initiated a bearish shift, marked by a ‘Change of Character’ (CH) from recent highs, which subsequently led to the sweep of ‘Sell Side Liquidity’ (SSL) below the originally identified demand zone around $70,000. As the chart’s commentary clarifies, this aggressive ‘sweep the liq’ maneuver is a key institutional pattern, clearing out retail stops to absorb orders before establishing a fresh, more robust demand zone. Consequently, price has now entered a newly formed demand area, denoted by the white ‘D (NYO) CANDLE PO3’ box around $67,000, indicating a potential reversal or accumulation phase from this refined level following the earlier liquidity hunt.
