Last night $BTC đ experienced a drop of 4000 in price within just 15 minutes, this price behavior combined with the previous push of 5000 clearly shows that BTC is currently following the trend of liquidating leveraged orders. This reflects that the market is in a difficult phase, with low liquidity, and is not attracting new participants.
When the price level of 112k was swiftly breached, this is a signal of local price decline on the H4 frame. The upcoming short trend will continue to adjust with the target aimed at the 108k region.
👋👋 However, since the Long leverage has just been liquidated, there will be a recovery trend on the H1 frame, aimed at creating a bottom at 112k to generate Long momentum from the players.
When the price level of 112k was swiftly breached, this is a signal of local price decline on the H4 frame. The upcoming short trend will continue to adjust with the target aimed at the 108k region.
👋👋 However, since the Long leverage has just been liquidated, there will be a recovery trend on the H1 frame, aimed at creating a bottom at 112k to generate Long momentum from the players.
