$BTC Liquidity Update & Possible Scenario 📉

Current market structure remains bearish with price trading below key EMAs and forming lower highs 📊

Liquidity data shows an interesting setup:

- Long positions: ~$80M in drawdown 🔴

- Short positions: ~$7M in drawdown 🟠

Both sides are currently under pressure, which means the market is in a liquidity trap ⚠️

Key insight:

There is significantly more liquidity on the long side → making it a more attractive target 🎯

Most likely scenario:

1. Short-term bounce (to trap late longs / squeeze weak shorts) 📈

2. Rejection from resistance (around 69,200–69,500) ❌

3. Continuation to the downside 📉

4. Liquidity sweep towards 68,000 → 67,000 💧

Market rarely moves in a straight line — expect volatility and fake moves before the real direction 🔄

Main idea:

Don’t chase the lows. Wait for a pullback and confirmation before entering shorts ⏳