Liquidity piling up in both sides of the rang

The price of BTC has been range-bound for over a month. This has resulted in increased liquidity on both the buying and selling sides. Any sudden movement towards either side of the range will lead to more traders being liquidated. In my personal opinion, the price will break below the range to liquidate shorts and then rise. Volatility in the crypto market is expected to increase in the next three days as the deadline for ETF approval on the 10th of January approaches.