Trader Killa said Bitcoin's short-term choppy price action may be a "liquidation game," with $75,500 the next key level to watch. Killa said Bitcoin needs to form a higher low above $75,500 to replicate its 2023 price action. Killa said Bitcoin should ideally hold the low near $80,000. Killa noted that long liquidations totaled approximately $300 million during the decline from $84,100 to $81,000, compared with larger liquidations during an earlier decline. Bitcoin needs to form a higher low and begin another upward move; otherwise, the correction could break below $80,000.