BlockBeats News, June 19th - Trader Killa analyzed that BTC may form a new macro bottom in the third quarter, with the price range likely to be around $50,000 to $60,000. BTC may absorb major high-timeframe liquidity in advance. Just like the market previously absorbed liquidity around $140,000 before, BTC may also experience a similar situation to the downside, catching many traders off guard.

He believes that the market may not necessarily dip below $60,000 to sweep liquidity, but the market often anticipates key levels that everyone is watching. If the liquidity below $60,000 is taken out, then the next major liquidity pool forming between July and September is unlikely to be tapped into, potentially signaling the formation of a macro bottom.

Furthermore, analyst Daan Crypto Trades stated that the bulls need to defend the $61,000 to $62,000 range; otherwise, the market may deteriorate rapidly. Commentator Exitpump also noted that traders on Binance are taking "aggressive" short positions, making the short-term price outlook appear bearish.