Bitcoin reached an all-time high of $112,000 on May 22, but liquidity rests below current levels.
The H4 chart shows two trendline liquidity zones and key demand areas that could trigger strong reversals.
Lower timeframe indicators like CHOCHs on M3/M5 can signal entries for buying off demand or shorting from supply on H2.
Bitcoin's price action post-ATH suggests potential for a short-term pullback to clear liquidity before a possible push beyond $112,000 towards $120,000.