Liquidation Map $BTC | 24H Liquidity Read (October 07)
According to the data presented by CoinGlass, price action is currently trading above $83,700, consolidating in a range after sweeping previous liquidity:
• Upper Zone ($84,800 - $85,200): The area with the highest concentration of short stop-losses (marked in bright yellow, with accumulated levels close to $57.92M). It acts as the main magnet for upward price movement.
• Lower Zone ($82,800 - $83,000): A key defensive liquidity band for long positions. Losing this zone would invalidate the short-term structure, opening the way toward $82,200.
Outlook:
The liquidity profile maintains greater density and upward magnetic pressure toward $85,000. Technical probabilities favor a liquidation sweep in the upper zone before a clear direction emerges on higher timeframes.
Are you looking for a retest of upper liquidity around $85k, or do you expect a prior sweep of support at $82.8k?
#bitcoin #trading
According to the data presented by CoinGlass, price action is currently trading above $83,700, consolidating in a range after sweeping previous liquidity:
• Upper Zone ($84,800 - $85,200): The area with the highest concentration of short stop-losses (marked in bright yellow, with accumulated levels close to $57.92M). It acts as the main magnet for upward price movement.
• Lower Zone ($82,800 - $83,000): A key defensive liquidity band for long positions. Losing this zone would invalidate the short-term structure, opening the way toward $82,200.
Outlook:
The liquidity profile maintains greater density and upward magnetic pressure toward $85,000. Technical probabilities favor a liquidation sweep in the upper zone before a clear direction emerges on higher timeframes.
Are you looking for a retest of upper liquidity around $85k, or do you expect a prior sweep of support at $82.8k?
#bitcoin #trading
