Big important BTC update. BTC just dumped below $85,400 liquidating $250M in 24 hours!!! But here's then important part: Bitcoin now has roughly $3.5B liquidity below between $81,000 - $85,000 and $1.75B above between $87,000 - $89,000. This means there is around 2x more HTF liquidity below, so another pullback remains the bigger HTF risk. On the LTF, the clearest liquidity zones sit around $84,900 - $85,300 below and $86,900 - $87,700 above, making these the most likely levels to sweep today. Whales have stacked some huge sell orders above at $86,000 - $88,000, while buy orders below around $84,000 - $85,000 are much smaller. So in summary, whales are heavily Bearish here. Meanwhile, spot demand has started weakening again while leverage traders are still active. This means the rally is losing some real buying momentum. So to make things simple for you: - $83k - $84k downside move from my last update played out $84.9k - $85.3k and $86.9k - $87.7k are the LTF liquidity zones to watch today - $3.5B below from $81k - $85k is the larger HTF liquidity imbalance - Reclaim $87k and I favour another $88k - $89k attempt - Lose $84.9k and I’d expect $83k - $84k to come back into play I’ll post any changes to my positioning and the key levels I’m watching in the free Telegram (link in bio).