Daily BTC Review

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❌ Market liquidations in the last 24 hours, CoinGlass: ~53K traders, totaling ~78M — ~80% long positions and ~20% short positions.

No major changes in the market; BTC remains below 70K, and this is likely to continue today.

📉 Closing the weekly candle below 70K could trigger a further drop to at least 67K. We'll be closely watching for a potential bounce back to 72K from there, as mentioned earlier.

❗️No need to panic yet, nothing critical on the chart. In the worst case, we might dip below 67K to 60K within the range, but there are no indications of this happening immediately. This is my mid-term scenario after liquidity is gathered.

Penafian

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