Currently, looking at the weekly liquidation map of Bitcoin,


there's really not much to liquidate below.
Clearly above,
there's dense liquidation above 78,250.
Today, Bitcoin retraced around 75,300,
which is the support of the daily MA62.
This downward move has been going on for a long time,
and it has been in a narrow range for quite a while.
The recent trend has been mostly down,
while the upward trend has been continuous.
It is expected to reverse soon.
A drop would not benefit market makers,
because there isn't much to liquidate below.
BTC-1.2%
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