BTC Liquidity Map: A sharp move to end the leverage.. Where is the next target? ๐ฏ๐๐
From my follow-up on the liquidity map, I notice that **BTC** price moved clearly toward liquidation clusters before beginning a rebalancing phase.
๐ **My technical reading:**
๐น **Upper liquidity hunt:**
After breaking the **$80,000** level and reaching the liquidity zone near **$82,600**, the price saw a sudden drop to absorb the buying surge and retest near **$79,502**.
๐น **Strongest support and liquidity zone:**
I see the largest liquidity clusters concentrated below the price, between **$75,930 and $77,612**. This area could be a potential target for capturing the local bottom if selling pressure continues.
๐น **Resistance and upside targets:**
If the price reclaims the **$81,000** level and manages to hold above it with a daily close, it may again target the **$82,658โ$84,340** areas.
๐ก **My conclusion:**
The market is currently going through a phase of **repositioning and partial leverage cleanup**. As long as the price remains above **$77,600**, the bullish structure is still intact. A break below this level could push us to test the **$75,900** area.
Do you see the current drop as a quick accumulation opportunity, or do you expect a test of **75.9K** support first? Share your thoughts ๐
$BTC
$ETH
> This is only a technical analysis and not financial advice, and liquidity levels are subject to change with market movement and news.
From my follow-up on the liquidity map, I notice that **BTC** price moved clearly toward liquidation clusters before beginning a rebalancing phase.
๐ **My technical reading:**
๐น **Upper liquidity hunt:**
After breaking the **$80,000** level and reaching the liquidity zone near **$82,600**, the price saw a sudden drop to absorb the buying surge and retest near **$79,502**.
๐น **Strongest support and liquidity zone:**
I see the largest liquidity clusters concentrated below the price, between **$75,930 and $77,612**. This area could be a potential target for capturing the local bottom if selling pressure continues.
๐น **Resistance and upside targets:**
If the price reclaims the **$81,000** level and manages to hold above it with a daily close, it may again target the **$82,658โ$84,340** areas.
๐ก **My conclusion:**
The market is currently going through a phase of **repositioning and partial leverage cleanup**. As long as the price remains above **$77,600**, the bullish structure is still intact. A break below this level could push us to test the **$75,900** area.
Do you see the current drop as a quick accumulation opportunity, or do you expect a test of **75.9K** support first? Share your thoughts ๐
$BTC
$ETH
> This is only a technical analysis and not financial advice, and liquidity levels are subject to change with market movement and news.