According to @MI_Algos, BTC bid liquidity has shifted into the $81k–$85k range, which should help keep price above the 100-Week SMA and prevent a lower low into the weekend, source: @MI_Algos. @MI_Algos adds this may set the stage for a retest of resistance at the Yearly Open Timescape Level before the weekly close, source: @MI_Algos. However, @MI_Algos cautions those bids at $81k–$85k may not intend to get filled, raising risk of a rug pull if price approaches, with the next support near $75k, source: @MI_Algos. Traders should closely monitor order-book behavior around $81k–$85k into the weekly close to gauge whether a retest higher or a grind toward $75k is more likely, source: @MI_Algos.

According to Mihir (@RhythmicAnalyst), there are misconceptions in the crypto community about Bitcoin's trajectory towards $75K. Mihir emphasizes that while $75K is a technical support level, it cannot be considered a target unless Bitcoin surpasses $90K first. He stresses the importance of not skipping levels in technical analysis.