#加密市场反弹#  Bitcoin Targets Liquidity Below $100K: Watch Out for Next Price Levels

Bitcoin is at its highest levels since January, with investors eyeing critical levels for the next move.
After reaching $104,000, BTCUSD  is pulling back to support, but the fate of $100,000 is a major concern for market participants.
When measured from this year’s lows of $75,000, the current price action represents a significant battleground.
“Headline-driven” BTC price gains under scrutiny
According to the data, BTC price action, which is just $6,000 shy of its new all-time high, has surprised the market by increasing by 10% in a matter of days.
The rapid rise in BTC price came as a surprise to many, but long-term perspectives suggest where the toughest fight will be.
This current momentum is again headline-driven and is preparing the markets for a critical and defining trading day.
In a common theme that has driven BTC price volatility in recent weeks and months, Bitcoin and risk assets have become quite sensitive to headlines and even social media posts about US President Donald Trump and his tariffs.
The latest event involves a trade deal between the US and the UK, but it is still unclear how long this optimism will last.
While markets are hoping that this will bring new deals to the table for other major traders like the EU and China.
What is needed now, he said, is “passive flows”, i.e. strong volume to support the retested levels.
After such a large market demand move that has led the price to surpass $100,000, passive flows will be important to accept higher values.
Crucial battle in the bull market.
Current local highs for BTCUSD have broken through the $104,000 level, and from a broader perspective, Fibonacci retracement analysis suggests that the price is currently in a key area.
BTC is at the last technical level ahead of new ATHs (all-time highs).
Bitcoin has decisively broken through the 1.618 FIB level and is currently trading at a weak resistance trendline with the volume area top (VAH).
The accompanying chart shows important Fibonacci levels measured from Bitcoin’s local lows of around $75,000.
The monthly chart shows a clear breakout attempt at the 1,618 Fibonacci level.
“The rejection and pullback from the 1,618 level took a bit longer until May. But we can’t deny how beautifully this Fibonacci level worked.”
Liquidations pending.
A cautionary note was issued regarding order book liquidity at current levels.
According to the latest data, the price is exhausting buy orders just below $103,000, with most of the interest concentrated below $100,000.
However, there is little resistance left on the upside as most of the liquidations were made during the price’s return to six-figure levels.
There is much less short liquidity clustered on the upside.
“This apparent imbalance makes the downside liquidation zone a potential area to watch for volatility or price pullback.”