Liquidity Zones:
Sellside Liquidity: Two key levels are identified:
- Near-term sellside liquidity around the support zone (approximately $53,423.59).
- Mid-level sellside liquidity marked above the current price.
Gap Analysis:
- CME Gap: Indicated within the blue shaded area, suggesting a potential drop to fill the gap left by CME futures.
Current Setup:
- The chart shows a potential bearish scenario where the price might drop to fill the CME gap and tap into the identified sellside liquidity areas.