This is the bottomBitcoin should hold here before heading to new highs. I'm not confident yet and will monitor closely. However I am leaning towards a bottom here.
A quick summary of what I see.
Large TWAP spot buyers frontrunning a potential perp breakdown to 65k.
Large liquidity cluster, making it unprofitable to attempt a flush to 65k.
Unclear if remaining aggressive OI is longs or shorts. Likely a combination of both, meaning a cascade may be weak.
A failed breakdown attempt earlier today.