đš KEY LEVELS FOR $BTC â WATCH THESE ZONES
Iâve been highlighting the same idea in my previous #Bitcoin analyses: momentum has been pointing upward, but when that momentum starts weakening, a short-term pullback can become more likely.
After the recent wave of liquidations, the market has cooled down considerably. BTC has already faced significant liquidation pressure, with $280M in long positions liquidated during the September 23 drop below $84K.
Now, the key question is what happens if BTC loses the important support areas below.
The highlighted zones on the chart represent areas with heavy liquidation liquidity. A decisive break below them could accelerate selling as more leveraged positions get forced out.
đ Mark these levels on your chart and watch the reaction carefully.
Not financial advice. DYOR.
Iâve been highlighting the same idea in my previous #Bitcoin analyses: momentum has been pointing upward, but when that momentum starts weakening, a short-term pullback can become more likely.
After the recent wave of liquidations, the market has cooled down considerably. BTC has already faced significant liquidation pressure, with $280M in long positions liquidated during the September 23 drop below $84K.
Now, the key question is what happens if BTC loses the important support areas below.
The highlighted zones on the chart represent areas with heavy liquidation liquidity. A decisive break below them could accelerate selling as more leveraged positions get forced out.
đ Mark these levels on your chart and watch the reaction carefully.
Not financial advice. DYOR.
