The easiest way to identify the direction is to follow where the liquidity is.
Currently, the liquidity is located above $74k region which at current condition, the amount of liquidation is around $2 billion!
Just imagine how these retails open their short position so ignorant. The liquidation above this $74k will be the fuel for further upside move.
99% of the time, this liquidation will get liquidated.. so, donât be ignorant and adjust your position wisely.