#cryptotradingpro #BTC
đ $BTC /USD: Liquidity Analysis and Technical Market Status (4H)
Despite local selling pressure and the price being below the Ichimoku cloud (~$63,020), the Liquidation Map indicates a very interesting imbalance.
đ What we see on the charts:
Resistance zone: The main cluster of EMA and volume levels lies in the range of $63,800 - $64,800.
Liquidity pool: Above, in the area of ââ$64,200 - $65,500, a huge cluster of short liquidations has formed (bright purple and blue peaks on the Liquidation Map).
Support zone: Local buyer level - $62,000 - $62,250, below - capital block $60,000 - $58,000.
đŻ Main scenario:
The market needs fuel, and the nearest fuel is the short stops. The most likely is a Short Squeeze (split impulse up) towards $64,200 - $65,000 to remove the upper liquidity pool.
â ïž Warning: If the price cannot consolidate above $65,000 after the breakout, there is a risk of a quick return to the descending channel to $60,000.
We are monitoring the reaction to the $63,800 level and the volumes on the breakdowns! đđ
đ $BTC /USD: Liquidity Analysis and Technical Market Status (4H)
Despite local selling pressure and the price being below the Ichimoku cloud (~$63,020), the Liquidation Map indicates a very interesting imbalance.
đ What we see on the charts:
Resistance zone: The main cluster of EMA and volume levels lies in the range of $63,800 - $64,800.
Liquidity pool: Above, in the area of ââ$64,200 - $65,500, a huge cluster of short liquidations has formed (bright purple and blue peaks on the Liquidation Map).
Support zone: Local buyer level - $62,000 - $62,250, below - capital block $60,000 - $58,000.
đŻ Main scenario:
The market needs fuel, and the nearest fuel is the short stops. The most likely is a Short Squeeze (split impulse up) towards $64,200 - $65,000 to remove the upper liquidity pool.
â ïž Warning: If the price cannot consolidate above $65,000 after the breakout, there is a risk of a quick return to the descending channel to $60,000.
We are monitoring the reaction to the $63,800 level and the volumes on the breakdowns! đđ