$BTC The US markets just opened, and Bitcoin is dumping hard. After a quick sell-off, price swept the local lows and retraced back into the 0.5 Fib level, where we then saw a small bounce. Price is now trading back at the lows of this LTF range, which is going to be an important level for bulls to hold if they want to see further expansion to the upside. If buyers step in here, we could still see another move higher to take out the final liquidity cluster between $76k and $77k. However, if we lose this level, there’s a decent chance price continues lower. The next support below sits around $72.5k, with another major liquidity target slightly below at the $70k area.