The liquidation map shows some liquidity to the upside at around $72,000. However, we are now starting to see more liquidity to the downside, mainly between approximately $65,500 and $65,800. Keep this in mind, as it is possible in the short term that we could touch this liquidity zone and then potentially bounce, or we might continue lower.
It is quite likely that we could reach that level before choosing the next direction. Ultimately, if we do not confirm a break to the downside below $67,000 with candle closes below that level—for example, if we just see a wick to the downside and a quick bounce back up—then we could still be looking more bullish in the short term.
