$BTC Retested close to its range low yesterday post FOMC but ended up making a higher low.

There's a lot of marginally lower highs right above with plenty of liquidity sitting there in the form of short stops & liquidation levels.

Overall, price is still just ranging. But it's clear where the liquidity lies in the short term.

Would expect all of these white dotted lines to get taken out once one of them breaks.

But for the time being, there seems to be strong supply coming in above $118K. Might take some time to chew through that.