Huge liquidity shift.

$BTC dropped to $74,000 last night, clearing leveraged positions, then bounced back to $78,000 this morning.

A new liquidation area has formed again near $74,000, so a re-test is still possible.

However, more liquidity is sitting between $78,000 and $81,000, making a move higher more likely.

On higher timeframes, $85,000 to $87,000 still has heavy liquidity, and bulls are trying to react here.