The liquidation map shows us the key levels for the coming week.

Below: Clear support in the 90,000-88,000 zone.

There is a cushion of liquidations down to 88,000-87,000 that would act as a rebound area.

Above: The magnet is at 94,000-98,000.

That whole area is loaded with pending liquidations. The price will want to move towards them.

What I see as most likely: a correction towards 89,000 this weekend or Monday, a rebound, and then an attack on the 94,000-98,000 area after the rate cuts.

However, the 97,000-98,000 zone will be very difficult to cross in one go. Most likely, we’ll have to consolidate from there.