After the liquidity sweep below 2.29T, Total MC quickly returned back into the range around 2.31T.
This suggests the move down mainly removed positions rather than starting a sustained trend.
Price is now consolidating under resistance with slow upward reactions and no strong expansion.
As long as the market trades below ~2.35T, this area can act as supply and the range structure remains intact.
In that case, both a sweep of local highs and a revisit of 2.31T–2.29T remain possible.
A stable break and acceptance above 2.35T would change the structure and open the door for higher prices.
Current conditions indicate positioning rather than directional movement.
How do you read this range?
MrC
This suggests the move down mainly removed positions rather than starting a sustained trend.
Price is now consolidating under resistance with slow upward reactions and no strong expansion.
As long as the market trades below ~2.35T, this area can act as supply and the range structure remains intact.
In that case, both a sweep of local highs and a revisit of 2.31T–2.29T remain possible.
A stable break and acceptance above 2.35T would change the structure and open the door for higher prices.
Current conditions indicate positioning rather than directional movement.
How do you read this range?
MrC
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