In today's bitcoin update, we can clearly see that the price has entered a classical phase of suffering. The range between the floor is  74,955 and the ceiling is  80,097. But that's exactly where we need to be more cautious than ever.

Why? Because this area could be Hunt's liquidity. The market usually suffers a series to the ceiling or floor before continuing the main trend to accumulate liquidity and then start its own momentum. Here, if Bitcoin reaches the 80,000 mark, we may have a Fake Breakout, and then the market will enter a new correction phase.

Our scenario remains down. We expect bitcoin to take sales pressure after testing the suffering ceiling and continue the correction. The next range, which is attractive to buy and could be the end of the modification, is 68,000 to 70,000. This area technically overlaps the high-time support and is a strong entry point from the point of view of Smartman.

Right now, the price is in the middle of suffering. It makes no sense to enter this area. Because it doesn't have a good risk-to-reward ratio or a definitive sign of the market. So we wait, either to sell from the suffering ceiling or to buy from the lower range.