Everyone who is saying that we don't have liquidity below is lying or has no clue what they're talking about. In fact, we have tons of liquidity between the 53-57k region and tons of liquidity between the 76-85k region. Market makers usually hunt both sides and that's what makes the current setup dangerous for most traders who don't understand the full view.
The full view is as follows: Bitcoin is now at 74k, we have a strong resistance line (White Line) that was also rejected in January 2026 and led to the next big leg down. Bitcoin touched this resistance today and got rejected once again, but now we have the golden question: will market makers ignore the liquidity above? I doubt it. So that's why I placed my short orders right into the liquidity area between 79-84k in case market makers allow a visit, and while doing so, they can also retest the break of structure (Purple Line) that happened in January 2026. So the question that remains is: How high will market makers move before the next leg down? Is it going to be the white line or the purple line? The answer can be found in the liquidity below.
Since January I have been talking about a boring, continued sideways move happening for one reason only, to create more and more liquidity below. In January there was almost no liquidity below 60k, so why would market makers drop the price lower if there is nothing left to take? That's the moment market makers start moving price sideways to build liquidity on the downside. If market makers are not satisfied with the liquidity below, they will manipulate price with futures longs and let the masses believe the bullish momentum is back. That's the trap that is currently in play. It's like standing in front of two holes of the same depth, one requires more work to dig, the other is easier. That's exactly what the white and purple lines represent. And the longer you wait to dig, the more gold you find at the bottom. That's the reason for the sideways move we are seeing.
Overall, it's very important to understand that Bitcoin remains fully bearish. We will visit lower targets, and right now we are inside a bullish trap, the only open question is whether that trap ends at the white line, or whether market makers take the liquidity higher and end it at or near the purple line. That question can't be answered right now, but we will have more clarity once we see how price reacts at the white line, which has been rejected so far. This is why I said the sideways move would take a long time. Most people didn't expect it to drag into April, but I kept saying it would take 3 to 4 months. The decision point is now very close.
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