Bitcoin News: BTC Targets $64,500 DOL After $65,147 Bounce
Bitcoin bounced from the $65,147 level in a short-term reaction, yet the broader bearish bias remains unchanged. Traders continue to focus on the $64,500 draw-on-liquidity (DOL) target below current price, while the $68,410 H1 swing high defines key invalidation. Despite the temporary rebound, downside objectives remain active unless critical resistance levels are reclaimed.
Key Technical Levels
Downside Liquidity Target: $64,500
Market positioning suggests that $64,500 represents a major liquidity magnet. Approximately 80% of short positions initiated earlier this week are expected to close into that zone, indicating it serves as the primary downside objective.
Shorts have “printed well this week,” reinforcing confidence in the bearish structure. A move into $64,500 would complete the main liquidity draw and potentially trigger partial profit-taking.
Invalidation Level: $68,410 H1 Swing High
The most important structural resistance sits at $68,410, marked by the H1 swing high. Holding below this level supports continuation toward the $64,500 target.
A decisive break above $68,410 could shift short-term momentum and open the door for a relief rally into prior grinding highs. For this reason, short invalidation is placed above this level. If breached, positions would be stopped out in profit, protecting against upside expansion.
Market Context: CPI Volatility
Today’s CPI release adds a layer of volatility risk to the market. High-impact macroeconomic events often trigger rapid price swings in Bitcoin.
With favorable positions already running, there is limited urgency to initiate new trades. However, traders remain open to a potential scalp short if price delivers a clean retest and a market structure break (MSB) within the last downward impulse.
Why This Matters
The structure reflects a disciplined trading framework:
- $64,500 defines the primary liquidity objective
- $68,410 defines risk and invalidation
- CPI increases the probability of sharp movement in either direction
The market currently remains bearish until proven otherwise, with risk skewed to the downside while below resistance.
Outlook
As long as Bitcoin remains under $68,410, bearish continuation toward $64,500 remains the dominant scenario. A break above resistance would invalidate the setup and could spark a broader short-term rally.
With CPI volatility in play, disciplined risk management is critical. Traders are focused less on prediction and more on structure, liquidity, and clear invalidation parameters.
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