Daily BTC Review
❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~416M — ~85% long positions and ~15% short positions.
Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over.
❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located.
📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.
Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over.
❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located.
📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.
Присоединяйся Telegram: t.me/+0nPAI8xmnegyOWFi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Присоединяйся Telegram: t.me/+0nPAI8xmnegyOWFi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.