Bitcoin Approaching Critical Liquidity Level with Potential for Upside Breakout

Bitcoin has tested the purchase zone again, although this area indicates some weakness—long positions are not performing as expected, and the price remains range-bound. There is notable liquidity around the $106.5K level, which seems to be the target for the market maker. Once this liquidity is absorbed, a test of the 6-hour buy zone could occur, potentially initiating a strong upward movement. The majority of liquidations are still concentrated near $111K, suggesting that an upward move to this level might be forthcoming in the near future.