BTC/USDT 1H, Market Structure Update
The chart looks complicated, but the structure is clear.
Price is reacting where it should. Panic is everywhere, but the market is simply moving between liquidity and higher-timeframe zones. This is why understanding levels is more important than just looking at candles.
Current Structure Breakdown
Major Supply: 68,000, 69,200
Sellers previously defended this area with strong rejection. A revisit without increased momentum typically leads to another reaction.
Supply Zone: 67,000, 67,600
A lower resistance area within the broader distribution zone. Price