Everyone is celebrating because $BTC is green I'm watching the 64.3k-64.5k level, this is the level that matters now Bulls have already proven they can reclaim 65.6k once. Now the question is whether they can defend the higher low instead of chasing another breakout. As long as we keep accepting above this retracement zone, I still think the market is preparing for the next liquidity run. Target 1: the liquidity sitting around 67.5k. Target 2: the larger imbalance around 69-70k, where I'd expect a much stronger reaction. Lose 64k with acceptance below it, and this becomes another failed breakout. That's when a deeper retrace starts making sense. Until then, I see this as positioning, not distribution.