$BTC Although the majority of liquidity is sitting on the

$BTC Although the majority of liquidity is sitting on the downside, one more push higher can’t be ruled out.

After yesterday’s sweep of the $79.5K high, a lot of new shorts have entered the market, forming a decent liquidity cluster around the $80K area.

With a large amount of liquidity resting just below price between $77K–$76K, it would make sense to take that out first before potentially continuing higher for one more sweep of the upside.

If this was already the final sweep, however, and we break below $76K, there’s a good chance price continues lower toward one of the largest liquidity clusters around $73K.
BTCUSDT
Perp
76,863.2
-2.73%