85K Liquidity Pool and May Candle CloseBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PsabinaGMRecapping this week, CME (BTC1!) opened with a bearish outside gap, which occurs when price opens beyond the previous day’s range, skipping it entirely. This type of gap often reflects strong momentum and can support continuation. In this case, it suggested sellers positioned themselves aggressively during the weekend, which explains why the weekend high was never revisited before 75K liquidity. At the same time on CME, price was developing a rising wedge with volume divergence (attached as a screenshot on the H4 chart), a structure that typically reflects weakening momentum and bearish potential. On the perpetuals side, supply stepped in at the H4 bearish order block while the H4 EMAs also acted as resistance. As mentioned previously, the H4 200 EMA remained my main trend reference for this month, so once the H4 200 EMA flipped into resistance, it provided a solid opportunity for a second short entry to target 75K liquidity. For May’s low, we printed roughly a 2% downside wick. As mentioned before, I was waiting for the 74K to 74.8K liquidity zone, and I am now positioned long with full invalidation at 72,770. The main thesis for this month remains a bullish monthly close. With only about a week left in the month, timing becomes important, and ideally BTC should continue showing demand around the 75K area. So far, price is supporting that idea. 73K is a great support level we would not like to get a daily close below it for the bull side, as it respects important Daily lows structure. Weakness would start to become more evident to me if we see a weekly close below the last weekly candle that reclaimed and closed above 75K, marked on the weekly chart with the two arrows. The ideal upside target remains the liquidity pool above 85K, now aligned with the weekly 50 EMA.