$BTC is literally sitting on the $59,000 level.

This is where things get interesting.

We already swept the liquidity above price.

Now the question is...

Do buyers actually step in here?

Or was that entire move just a news-driven liquidity grab?

If $59k starts giving way, I think the market moves lower very quickly.

The high $58k region is where the next meaningful liquidity sits, and once those liquidations start going, they can cascade fast.

This is exactly why I wasn't chasing the pump higher.

The reaction after the news is always more important than the news itself.

The next few hours should give us the answer.