- Bitcoin remains trapped on Binance between $107.5K and $119.3K, with the POC at $117.5K guiding the next market move.
- A rally above the range failed, triggering short liquidations but lacking buying strength, returning Bitcoin to the established value area.
- Market reaction at the POC will determine whether Bitcoin targets buy-side liquidity above or sell-side liquidity near the VAL.
At present, Bitcoin is contained within a narrow trading range on Binance, displaying pinned market indecision after a prolonged 120-day consolidation, and is simultaneously trading around key volume levels that are affecting the next significant directional move.
Market Range and Key Levels
Bitcoin remains balanced between the Value Area Low (VAL) near $107.5K and the Value Area High (VAH) at roughly $119.3K. The Point of Control (POC), representing the highest traded volume on Binance, sits around $117.5K.
Recent price action shows a strong rally above this range that ultimately failed, following a “Look Above and Fail” pattern. The short squeeze generated temporary upward pressure but lacked sustained buying momentum. This indicates that the market’s balance is still intact within the established value area.
The POC now acts as the primary decision point. Traders observe the market’s reaction here to determine whether Bitcoin will move toward buy-side liquidity above or sell-side liquidity below.
Bullish Scenario: POC Reclaim
A firm reclaim of the POC as support could trigger a retest of the VAH. Such a move may attract buyers targeting short liquidations above $120K on Binance.
Volume and liquidation data suggest that upward pressure is concentrated near these clusters. If Bitcoin sustains above the POC, market participants may expect a controlled push toward higher liquidity levels.
Analysts tracking Binance data note that this scenario would involve a gradual accumulation phase. Price stability above the POC could encourage new positions while absorbing selling pressure.
Bearish Scenario: Downside Liquidity Hunt
Failure to hold the POC as support could direct Bitcoin toward the VAL near $107.5K. This level represents concentrated sell-side liquidity on Binance.
Market activity shows that rejections at the POC can quickly trigger liquidation cascades. Sellers may dominate as price attempts to seek available buy-side liquidity at lower levels.
Data from Binance indicates that a move toward the VAL may occur in stages. Traders often monitor this level for potential entry points or liquidation events.
Current Market Sentiment
Bitcoin remains positioned just below the POC, indicating indecision among market participants. The immediate trend depends on how buyers and sellers react to this key level.
Tweets from Binance-focused analysts have highlighted that previous rallies above $117.5K failed to maintain momentum. Market watchers note that liquidity clusters both above and below could guide the next directional move.
Overall, Binance exchange data shows Bitcoin at a pivotal crossroads. The reaction around the POC is expected to dictate whether the next liquidity hunt targets the long or short side.
