The short liquidations at 68,000 and 70,000 have already been reached.

Although there is some accumulation above 72,000, it is far less than the amount below 66,000.

There was little movement over the weekend, with sideways trading. U.S. stocks were halted for three days, and liquidity in the crypto market also seemed to freeze for three days, almost forming a straight line.

On Monday, influenced by ongoing talks between Iran and the U.S., the price broke through to surpass the 70,000 mark, clearing out a wave of short positions and liquidity.

However, shortly after, Iran launched a salvo of missiles at Israel, causing the market to drop accordingly. We will see the outcome of the talks today.

In the face of such news, it’s still not advisable to take a position. The volatility is high, and the direction is uncertain. If there’s no positive catalyst to push the price up to 72,000 in the short term, the liquidity at 66,000 will basically be in the hands of the big players.