BTC Liquidity is now massively stacked above price. With the recent moves to the downside quite a decent amount of liquidity has already got taken out. 
On the upside however the cluster sitting above $80k has consistently been frontrun. If the range lows continue to hold and spot participation stays intact like it is the case now above into the upper liquidity cluster is definitely possible. Should price instead lose the recently reclaimed resistance level around $77.3k, the chances of another move lower increase.