$BTC #BTC
On the liquidation map for the current day, we see an influx of people looking to go long with a stack of stops and liquidations in the 75k zone. This is a good magnet for price—let’s go and shave the bulls. The density is high enough that even small impulses push the price down right onto the very same stops and liquidations. At the same time, on the higher time frame map, we also see a strong block at the 73–74 levels, but with different volumes.
If spot buying picks up, then within the day or over the next few sessions the price could move into the 78+ area, and with lower probability test 80.
On the macro front, there’s nothing positive. So most likely price will chop/float within the current range; all moves will be driven by MM, with alternating sweeps of people with big leverage and intraday liquidation-style moves.
And a gradual drift toward the 73–74 levels.
Wishing everyone profits!
On the liquidation map for the current day, we see an influx of people looking to go long with a stack of stops and liquidations in the 75k zone. This is a good magnet for price—let’s go and shave the bulls. The density is high enough that even small impulses push the price down right onto the very same stops and liquidations. At the same time, on the higher time frame map, we also see a strong block at the 73–74 levels, but with different volumes.
If spot buying picks up, then within the day or over the next few sessions the price could move into the 78+ area, and with lower probability test 80.
On the macro front, there’s nothing positive. So most likely price will chop/float within the current range; all moves will be driven by MM, with alternating sweeps of people with big leverage and intraday liquidation-style moves.
And a gradual drift toward the 73–74 levels.
Wishing everyone profits!
