$BTC recorded approximately $38.29K in long liquidations around $76,585, highlighting significant pressure on leveraged bullish positions. The liquidation activity suggests downside liquidity was triggered, but BTC needs to establish whether this is simply a leverage flush or the beginning of a deeper market correction.
Support: $76,000 – $75,500
Resistance: $77,000 – $77,500
Next Target: $74,800
Bias: Bearish below $77,500
If BTC continues trading below resistance, sellers could push price toward lower liquidity zones. A strong reclaim of $77,500 would improve the recovery outlook. Watch the confirmation before taking a position.
Let's go $BTC 🚀
Support: $76,000 – $75,500
Resistance: $77,000 – $77,500
Next Target: $74,800
Bias: Bearish below $77,500
If BTC continues trading below resistance, sellers could push price toward lower liquidity zones. A strong reclaim of $77,500 would improve the recovery outlook. Watch the confirmation before taking a position.
Let's go $BTC 🚀