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Gm and happy Wednesday! ☀️
$BTC Update & MMT Heatmap
After pushing into the upper liquidity band yesterday, price is now consolidating within heavy overhead supply.
I’m still looking for a rotation lower to run the heavily growing liquidity beneath, as positioning needs a reset before any sustainable continuation higher.
For bulls to regain control, we need to see clear acceptance and structure form above this band after that move.
Until then, this area should continue acting as a cap on price.