The probability of an upward continuation is 65–75% in the short term (1–4h/day): The Heatmap shows that the main "hunt" for upper liquidity is not over yet. The nearest magnet is $117,000–$117,500, where $400–500M of shorts have accumulated (the densest cluster above, high leverage 50x+). If the price reclaims $116k (which is likely given the bullish sentiment — RSI 62, MACD bullish crossover), it could reach $117k for the next squeeze. Next: $118,000–$119,000 ($250M liquidity, with a peak at 118,950), but this depends on the macro (Fed minutes next week). The bullish tilt is intensifying: ETF inflows +$600M for yesterday (BlackRock lead), and funding rates positive (0.01–0.02% on Bybit), which favors longs.

Downward rollback risks: If we don't hold $115,500 (current support), then a pullback to $114,500–$115,000 is possible ($150M longs there, moderate cluster). But downside liquidity is weaker ($600M total vs $800M+ above), so a deep dip is unlikely without a shock. The key level for the longs test is $114,000 (heavy ~$300M), but this is a bearish scenario (25-30% probability if volume drops). #OnChainAnalysis $BTC