Early-month price action could lead to aggressive liquidity sweeps before trend continuation.

"Trader Daan Crypto Trades said Bitcoin shorts were cleared twice as price moved toward $63,000 on July 4. He called the move a 'classic short squeeze,' where sellers are forced to close positions as price rises into a crowded short zone. He also raised doubt over the next move, asking whether the move only cleared liquidity before another pullback."

"The analyst noted early-month price action often creates aggressive liquidity sweeps in both directions before trend continuation emerges."