$BTC Looking at the higher timeframe liquidation map, four clusters stand out.
The closest one sits around $79K, with over $2.5B in long liquidations.
Above price, we have three major clusters around $82K, $85K and $87K, containing more than $10B in short liquidations combined.
Interestingly, the total amount of liquidity is almost equally distributed on both sides, with slightly more sitting above price.
However, below $79K, there are no major clusters left as liquidity is spread out across a much wider price range.
While I still consider a sweep of $79K very likely, my overall bullish outlook remains unchanged.
I still favor the upside as the next major direction.
The closest one sits around $79K, with over $2.5B in long liquidations.
Above price, we have three major clusters around $82K, $85K and $87K, containing more than $10B in short liquidations combined.
Interestingly, the total amount of liquidity is almost equally distributed on both sides, with slightly more sitting above price.
However, below $79K, there are no major clusters left as liquidity is spread out across a much wider price range.
While I still consider a sweep of $79K very likely, my overall bullish outlook remains unchanged.
I still favor the upside as the next major direction.
