Liquidity will be found around $22.000

Hi everyone,

Hope your trades are working out well, it seems we will be meeting the 200 -SMA at around $22.500,-

On your left you will find the heatmap where liquidity can be found in large orders between $19.500 and $22.500,-

Optionmarkets showing puts at around $24.000,- which could tell us further downside seems likely.

Technically we are likely to drop 16% upcoming 2 months, we will breake out of this falling wedge, I do expect a good bounce in August.

Don't forget institutions are waiting to get in, open interest ready to get up as well.

Stay safe,