Bitcoin has liquidity stacked above and below it, so here is where the next move gets fuelled. 📚
CoinGlass data cited by the Economic Times shows liquidation concentrations around 76,300 dollars and 76,600 dollars, with additional clusters between 76,900 and 77,100 dollars, while below the market liquidity sits around 74,800 dollars and in the 74,500 to 74,700 dollar range. 💡 Price is drawn toward clusters like a magnet, because a push into them triggers stops and forced closes that feed the move, so a break above 76,300 dollars can run fast toward 77,100, and a loss of 74,800 dollars can flush fast toward 74,500. My rules are simple, never front run the level, trade small because the 24 hour range is already 1,345 dollars wide, and judge the move on the daily close, not the first five minute spike, because big levels fake out both sides before picking a direction.
Which cluster gets taken first, the 76,300 dollars above or the 74,800 dollars below? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
CoinGlass data cited by the Economic Times shows liquidation concentrations around 76,300 dollars and 76,600 dollars, with additional clusters between 76,900 and 77,100 dollars, while below the market liquidity sits around 74,800 dollars and in the 74,500 to 74,700 dollar range. 💡 Price is drawn toward clusters like a magnet, because a push into them triggers stops and forced closes that feed the move, so a break above 76,300 dollars can run fast toward 77,100, and a loss of 74,800 dollars can flush fast toward 74,500. My rules are simple, never front run the level, trade small because the 24 hour range is already 1,345 dollars wide, and judge the move on the daily close, not the first five minute spike, because big levels fake out both sides before picking a direction.
Which cluster gets taken first, the 76,300 dollars above or the 74,800 dollars below? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
