$BTC has been chopping 75.5k-76.3k on the 4h for nearly two days since the drop from 80.4k, and the liquidation map says that tiny range is now loaded on both sides.
NanoTrading's liquidation radar shows the biggest cluster just overhead, ~$155.6M of shorts at 76,270, and ~$136M of longs sitting at 75,233. That's about 300 bucks up versus 750 down. On the Fire chart heatmap, the next real liquidity above is 78.5k-79.6k, with support bands around 74.3k-74.7k.
Positioning is not neutral. Binance global long/short accounts at 3.07 (75% long), top traders 2.0, while funding is nearly zero at +0.0015%. OI also slipped from ~$7.33B to ~$7.26B in the last 8 hours, so some leverage is already leaving.
I think $BTC tags 76.27k first since it's closer, but I only trust it if a 4h closes above it. If that wick fails, 75.2k is the magnet and 74.5k is where I'd actually start bidding.
Short squeeze into 76.3k first, or long flush to 75.2k? Which one are you positioned for?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#BTC #Bitcoin #NanoTrading #crypto
NanoTrading's liquidation radar shows the biggest cluster just overhead, ~$155.6M of shorts at 76,270, and ~$136M of longs sitting at 75,233. That's about 300 bucks up versus 750 down. On the Fire chart heatmap, the next real liquidity above is 78.5k-79.6k, with support bands around 74.3k-74.7k.
Positioning is not neutral. Binance global long/short accounts at 3.07 (75% long), top traders 2.0, while funding is nearly zero at +0.0015%. OI also slipped from ~$7.33B to ~$7.26B in the last 8 hours, so some leverage is already leaving.
I think $BTC tags 76.27k first since it's closer, but I only trust it if a 4h closes above it. If that wick fails, 75.2k is the magnet and 74.5k is where I'd actually start bidding.
Short squeeze into 76.3k first, or long flush to 75.2k? Which one are you positioned for?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#BTC #Bitcoin #NanoTrading #crypto
