Bitcoin Prices Trading Around $68K Amid Corrective Market Structure

Bitcoin's recent price action has been marked by a sharp rebound from the $60,000 liquidity sweep, with the cryptocurrency currently trading around the $68,000 region. While this move is technically significant, it is essential to consider the context of the market structure.

The daily timeframe shows that the broader structure remains corrective, with price still below major descending pressure from prior distribution. The bounce from $60,000 appears to be a reaction from a high-liquidity demand zone rather than a confirmed trend reversal.

Momentum indicators are also worth noting. The RSI is recovering from oversold conditions and currently displays neutral-to-positive readings, suggesting relief momentum rather than euphoric expansion. Meanwhile, the MACD histogram is turning positive but remains in its transition phase.