Daily BTC Review
❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~416M — ~85% long positions and ~15% short positions.
Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over.
❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located.
📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.
Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over.
❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located.
📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Присоединяйся Telegram: t.me/+0nPAI8xmnegyOWFi
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.