BTCUSD: Ready for a price drop, testing liquidity

BTCUSD is consolidating above the 68,500 level but at the same time the triple top pattern has completed. Theoretically, the price will break the support level, which will constitute a false breakout. According to statistics, the strongest fluctuations occur after a false breakout. A breakout and consolidation below $68,500 could cause a sharp decline to the liquidity zones indicated on the chart.

On H1, the price exited the bullish channel, causing the coin to drop significantly. Now, the price could test the previous breakout at the 70,000-72,000 mark before falling further.
I expect a correction after the false break of $68,500. Consolidation below this level would confirm that the market is ready for a correction.

Trade active

Trade closed: target reached