I previously mentioned the possibility of $BTC dropping toward $71,000, and here we are now trading below this level.
Liquidations of Long positions are nearly complete, while the remaining liquidity is concentrated more heavily above, starting around Short positions at $72,000.
This means liquidity below has become limited, and the $65,000 area may be the last pain zone before a potential rebound.
Liquidations of Long positions are nearly complete, while the remaining liquidity is concentrated more heavily above, starting around Short positions at $72,000.
This means liquidity below has become limited, and the $65,000 area may be the last pain zone before a potential rebound.
