$BTC Liquidation Heatmap Analysis
Binance BTC/USDT Liquidation Heatmap (1 Week - Coinglass)
Current Price Action: BTC trading around $80.5K after rejecting from $85K
Key Observations:
1. Majority of Liquidity UPSTAIRS (Red Box) - $84,000 to $87,000 zone. The bright yellow heat shows huge liquidity resting above. This is where most short liquidations are sitting.
2. Downside Liquidity SWEPT (Green Box) - $78,000 to $81,000 zone liquidity has been taken. Price swept the lows and took all sell-side liquidity.
3. What Next? Liquidity tends to act like a magnet. With downside swept, the path of least resistance is now towards the upside liquidity cluster at $84K-$87K.
Conclusion: Short-term bullish bias as long as $79.5K holds. A move towards $84K - $87K to grab liquidity is highly probable before any major downside.
Don't trade against liquidity!
What's your bias? Bullish to $87K or Bearish to $78K again? Comment below 👇
$BTC #Bitcoin #BTCUSD T #CryptoTrading #LiquidationMap
Binance BTC/USDT Liquidation Heatmap (1 Week - Coinglass)
Current Price Action: BTC trading around $80.5K after rejecting from $85K
Key Observations:
1. Majority of Liquidity UPSTAIRS (Red Box) - $84,000 to $87,000 zone. The bright yellow heat shows huge liquidity resting above. This is where most short liquidations are sitting.
2. Downside Liquidity SWEPT (Green Box) - $78,000 to $81,000 zone liquidity has been taken. Price swept the lows and took all sell-side liquidity.
3. What Next? Liquidity tends to act like a magnet. With downside swept, the path of least resistance is now towards the upside liquidity cluster at $84K-$87K.
Conclusion: Short-term bullish bias as long as $79.5K holds. A move towards $84K - $87K to grab liquidity is highly probable before any major downside.
Don't trade against liquidity!
What's your bias? Bullish to $87K or Bearish to $78K again? Comment below 👇
$BTC #Bitcoin #BTCUSD T #CryptoTrading #LiquidationMap