Gm and happy Thursday! ☀️

$BTC Update & MMT Heatmap
After yesterday’s rejection from the upper liquidity band, price has dropped drastically to 71k.
The move looks like a positioning unwind rather than impulsive selling and liquidity is clearly still building beneath.
I’m still looking for continuation lower here to run those clustered bids and rebalance the market before any real attempt at a trend continuation higher.
For bulls, reclaiming acceptance back above the prior supply zone is key.
Without that, rallies are likely to be corrective and sold into rather than sustained.
Focus remains on how price behaves as it approaches the next major liquidity pocket below.