Bitcoin (BTC/USD) – Correction Phase Inside Bullish Structure

Bitcoin continues to maintain a bullish higher timeframe structure, but price is currently undergoing a corrective phase toward key Fibonacci retracement levels.

Recent price behavior suggests indecision, with liquidity sweeps on both sides of the range.

🧠 Market Structure (SMC)

• Higher timeframe trend remains bullish

• Lower timeframe shows range behavior

• Liquidity sweeps indicate accumulation or distribution

• Price approaching 0.5–0.618 Fibonacci zone

👉 Bias: Neutral → Waiting for breakout

📊 Key Levels

🔴 Resistance / Supply

70,000 – 73,000

🟡 Mid Range

66,000 – 68,000

🟢 Support / Demand

60,000 – 62,000

📈 Expected Scenario

Bullish reaction from 0.5–0.618 Fibonacci zone may push price toward 71,700 breakout level.

📌 Conclusion

Bitcoin remains structurally bullish, but current consolidation suggests a decision phase before the next major directional move.

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