In the short term, we've seen a surge in Bitcoin's price, taking out a significant amount of liquidity. Now, the focus seems to be on targeting liquidity to the downside. Over the past day, Bitcoin hit a lot of liquidity around 65,000. With the recent short-term pullback, we're now aiming for a major liquidity area between 62,200 and 62,500.
Looking at the bigger picture, there's massive liquidity for Bitcoin around $67,500 and $71,500-$72,000. Once we surpass these levels, billions in short positions could be liquidated, potentially triggering a significant upward surge.
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