🟠 #BTC Update #3 – July 5, 2025
Bitcoin is currently in a corrective phase following its latest impulsive move. To confirm that the correction is complete, I’d need to see a fresh impulsive leg. Until then, price may continue to pull back.
Looking at the liquidation heatmap, I’m seeing stacked liquidity between $107,100 and $106,500. Based on that, I wouldn’t be surprised to see BTC wick down toward $106,000, sweep that zone, and potentially initiate a long-biased impulsive bounce.
If that bounce materializes, my first target is the $110,000 region. It’s also worth noting that Bitcoin is currently sitting inside a supply zone, which could add short-term resistance before any breakout.
Bitcoin is currently in a corrective phase following its latest impulsive move. To confirm that the correction is complete, I’d need to see a fresh impulsive leg. Until then, price may continue to pull back.
Looking at the liquidation heatmap, I’m seeing stacked liquidity between $107,100 and $106,500. Based on that, I wouldn’t be surprised to see BTC wick down toward $106,000, sweep that zone, and potentially initiate a long-biased impulsive bounce.
If that bounce materializes, my first target is the $110,000 region. It’s also worth noting that Bitcoin is currently sitting inside a supply zone, which could add short-term resistance before any breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.