BITCOIN - The hunt for liquidity ahead of the fall Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PRLindaBTCUSDT is forming a downtrend both globally and locally. The focus is on the key support and resistance levels of 75,300–78,100; within the intraday price action, following a sharp decline, the price has entered a phase of liquidity hunting. Large companies continue to transfer bitcoins to exchanges; U.S. spot bitcoin ETFs have seen outflows for the sixth consecutive day; asset managers and dealers are in a net long position, but leveraged speculators are holding a significant short position, which is creating pressure. On May 14, the CLARITY bill passed the Senate Banking Committee by a vote of 15–9 and is awaiting a full vote. The market has already reacted to rumors, and going forward, it may already price in the news. At this point, it is worth focusing on the technical context—a downtrend, short squeezes, and new lows. Resistance levels: 76,000, 76,650, 78,100 Support levels: 75,300, 74,200, 73,700 A correction is forming, during which the market may test areas of interest and liquidity before falling. Focus on 76K – 76,600 and 77,800. A short squeeze could trigger a sell-off. Consolidation below 76K – 75,300 will intensify pressure from the bears. Best regards, R. Linda!