Many are asking if BTC can still go down further, and the honest answer is: yes, it can. But the interesting thing is not just whether it can go down, but how profitable it is for the market to do so compared to going up.

If we look at the liquidation map over the last 30 days, something key stands out: below the current price, there is no longer a large concentration of leveraged longs. That is to say, a good portion of the weak buyers have already been cleaned out. This reduces the "reward" for an aggressive drop, because there is not much immediate liquidity to hunt below.

On the other hand, above the current price, there are significant clusters of shorts, staggered across various zones. This creates a clear asymmetry:

– Downward, the market can continue to fall, but with less incentive for liquidations.

– Upward, if the price decides to move, there is a lot of fuel for a short squeeze, which tends to generate fast and violent movements.

That’s why the most logical scenario is not "just going up" or "just going down", but this:

the price can still move sideways or even drop a little more, but when the market decides to rise, it probably won’t do so in an orderly fashion, but with strong, fast, and hard-to-pursue impulses.

This is not a prediction or financial advice, your drawings and analysis are nice, but this is what exists in the real market, it is simply reading liquidity:

THE MARKET TENDS TO GO WHERE IT HURTS THE MOST AND WHERE IT PAYS THE MOST.

And today, that balance seems to be more weighted upwards than downwards, even though the path may not be linear.

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