Bitcoin Holds Range But Liquidity Shifts as Sellers Take Control

TLDR:

Bitcoin (BTC) rejected at $108.7K, forming a descending pattern with lower highs and lows.
Support at $106,550 shows cracks as sellers reject each recovery attempt.
Short liquidations cluster near $107.6K, signaling tough resistance ahead.
Over $203M liquidated in 24h as traders brace for a potential breakdown.

Bitcoin continues to move sideways, showing no clear trend as traders monitor critical support and resistance levels. 

Despite mild selling pressure, the market remains range-bound, with BTC hovering just above $106,500. While both bulls and bears are active, the current setup favors sellers in the short term. Liquidity clusters on both sides suggest a potential for sharp moves. 

As traders grow cautious, sentiment leans toward a possible breakdown if support fails to hold.

Bitcoin Market Structure Reveals Bearish Short-Term Bias

According to IT Tech’s latest update, Bitcoin faced a firm rejection at $108,700 and is now forming a descending pattern. 

Bitcoin Range Holding – But Liquidity Is Shifting ⚠️$BTC consolidates just above $106.5K with choppy price action and no decisive breakout. Both longs and shorts are being tested as prices coil tighter. ⤵️

📊 BTC/USDT – Binance 15m Heatmap OverviewCurrent Price: $106,693

🔄… pic.twitter.com/oUhhFV8A9B

— IT Tech (@IT_Tech_PL) July 1, 2025

Lower highs and lower lows are building a short-term bearish structure. Several sell signals have reappeared near the $107,000 mark, suggesting sellers are regaining strength.

Support at $106,550 has held so far but shows signs of weakening. If this level fails, price may slide toward $106,000 and possibly $105,500. Resistance remains dense between $107,200 and $107,600, with heavy liquidity likely to block bullish attempts.

Data from CoinGecko shows Bitcoin trading at $106,553, down 0.83% in the past 24 hours. 

Trading volume reached $22.3 billion, indicating consistent market activity despite limited direction. Over the past seven days, BTC has gained 1.26%, suggesting some underlying support.

CryptoRank.io reported a similar price at $106,847 with a 1.13% dip, reflecting cautious sentiment. This drop came even as the S&P 500 and Nasdaq posted fresh record highs. The crypto market showed little response, keeping Bitcoin trapped in its narrow range.

BTC Liquidity Zones Point to Key Levels Ahead

Short liquidation pressure remains high between $107,200 and $107,600, making this a vital resistance region. 

Above $108,000, a low-volume zone could spark a sharp move if bulls manage to break through. On the downside, long liquidations near $106,500 and $106,000 are being tested repeatedly.

Sellers are rejecting each bounce, and volume profiles show resistance building above $107,500. Unless buyers reclaim $107,300, Bitcoin could remain under pressure heading into the next trading sessions.

📉 Market Overview

Market saw mild selling pressure today without any major news catalysts, keeping overall sentiment cautious. #Bitcoin edged lower despite S&P 500 and @Nasdaq closing at record highs.$BTC: $106,847 ↓1.13%$ETH: $2,462 ↓1.38%$ARB surged ~27% in a day,… pic.twitter.com/s2Wg16E0dV

— CryptoRank.io (@CryptoRank_io) July 1, 2025

While U.S. equities surge, the crypto market remains detached, reflecting caution. CryptoRank noted a Fear and Greed Index reading of 64, indicating greed, but price movement tells a different story. 

The altcoin index at 26/100 shows weak performance across smaller tokens. With over $203 million in liquidations in 24 hours, traders are facing heightened risk. 

For now, the focus remains on Bitcoin’s ability to defend $106,550. If this level breaks, a drop to the $105,500 zone could follow.