BTC After yesterday’s sell-off, price has seen a small bounce from the $70.5k support level. Since we have established acceptance above $70,000, this level has acted as support multiple times, defending every breakdown attempt. However, this time the entire bounce has immediately been retraced, which to me is a sign that price is most likely not going to be able to maintain above this level for much longer. With a large amount of liquidations still sitting around the $70k level, I’m expecting price to sweep those, with potential for further downside. Given all the news we have received over the weekend, volatility is likely to increase once the US market opens, which could accelerate a move into the liquidity below.