🚨 $BTC Weekly Analysis: Critical Levels & Liquidation Zones
If we look at BTC from a weekly timeframe from a technical perspective, BTC has already been rejected from the $82K area, where there were significant short-trader liquidations. However, there are still many large orders sitting between $83K and $84K. If BTC reaches the $83K–$84K area, it could become a very difficult situation for short traders.
On the other hand, if we talk about long traders, most traders with long positions below $75K could potentially face liquidation. There is also significant liquidation liquidity around the $72K–$73K area.
For now, if you look at the weekly chart, it may seem that the market should move upward. However, based on the job data that was released, it appears that rate cuts may not happen. Instead, rates could either remain unchanged or potentially be increased.
If that happens, BTC could directly target long liquidations, which is why opening a long position right now carries more risk.
At the moment, most traders are quite confused. In my opinion, the weekly candle close is very important. If BTC closes below $79K, that could be a very positive development for short traders.
If anyone needs guidance, feel free to let me know.
If we look at BTC from a weekly timeframe from a technical perspective, BTC has already been rejected from the $82K area, where there were significant short-trader liquidations. However, there are still many large orders sitting between $83K and $84K. If BTC reaches the $83K–$84K area, it could become a very difficult situation for short traders.
On the other hand, if we talk about long traders, most traders with long positions below $75K could potentially face liquidation. There is also significant liquidation liquidity around the $72K–$73K area.
For now, if you look at the weekly chart, it may seem that the market should move upward. However, based on the job data that was released, it appears that rate cuts may not happen. Instead, rates could either remain unchanged or potentially be increased.
If that happens, BTC could directly target long liquidations, which is why opening a long position right now carries more risk.
At the moment, most traders are quite confused. In my opinion, the weekly candle close is very important. If BTC closes below $79K, that could be a very positive development for short traders.
If anyone needs guidance, feel free to let me know.
