Bitcoin's liquidity chart, showing a significant gap above the price as the price pulls back towards the $70,000 level, highlights the first strong liquidity zone.
Above this, the $79,000-$81,000 area has become a major liquidity pool.
The price remains weak at these lower levels, but the accumulated liquidity above could become the target for a future bounce.
Currently, if the $70,000 level fails to hold, the downward pressure could persist.
For a recovery, Bitcoin first needs to reclaim the $72,000-$73,000 area.