I’m not liking how the Liquidation Heatmap looks right now, because there’s a lot of liquidity sitting on both sides. That usually leads to short-term volatility, what I call Max Fuckery, where both longs and shorts get wiped out before the market picks a real direction.

Because of this, I think the best approach on the low-timeframes is to stay cautious. Bitcoin is still struggling to break back above and reclaim the lost high-timeframe support range at $92K–$94K, which is a clear sign of short-term weakness.

If we get a rejection there, there’s a heavy liquidity pocket on the downside that market makers could easily target.

If that happens, I’ll scale back into my partial hedges, the same ones I used over the last couple of weeks, to mitigate the short-term downside risk.

A rejection at this level would open the door for another deeper pullback back inside the high-timeframe support range, aligning with the early-April bottoming formation, where we just bounced a couple of days ago.