BTC swept liquidity at $78k: A bearish scenario towards $70k is forming

BTC swept liquidity at $78k: A bearish scenario towards $70k is forming
$BTC played out as expected with a liquidity sweep around $78k, an area concentrated with a large number of late long positions.
This move indicates that the market maker has completed the 'road clearing' step, getting rid of impatient traders before determining the next direction.
Right now, the key factor isn't just the recent sweep, but the price reaction that follows. If price accepts below the liquidity zone that got swept, this will signal a confirmation for a short-term bearish structure. At that point, a reasonable scenario is to set up a short position, targeting the $70k zone – where there’s a larger and more enticing liquidity cluster for capital flow.
On the flip side, if we can quickly reclaim the $78k zone and hold above it, the whole bearish scenario will be invalidated, and the market might shift into an accumulation phase or continue pushing higher. So, this stage isn’t for FOMO; it’s about watching the reaction and waiting for a clear confirmation from the price structure.
In summary, the sweep at $78k is just the starting point. What’s crucial is how the market 'accepts' this new price zone. The bearish scenario towards $70k has the upper hand, but we still need confirmation before making any moves.
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