#cryptotradingpro #bitcoin
📊 $BTC /USD: Local assault on $64,000 and liquidation maps
Bitcoin is showing a confident uptrend on the 4-hour timeframe and has come close to the key resistance zone. We analyze the current picture according to The Kingfisher platform
📊 Technical breakdown and volumes
➡️ Current price: Consolidating around $63,905 (Mid Price).
➡️ Resistance: The main barrier for bulls is currently in the range of $63,875 - $63,910. A breakdown of this zone opens a direct path to the psychological $65,000.
➡️ Support: In the event of a local market cooling, buyers are ready to defend the levels of $62,085 and $61,908 (dynamic POC and volume cloud).
🗺 Liquidation Maps
Analysis of accumulated leverage shows a very interesting dilemma for the market maker:
🔥 Fuel from above (Short Squeeze): The cumulative liquidation line of shorts (red chart) is rapidly growing above $63,500. A consolidation above $64k will trigger a cascade closing of sellers' stops, which can catapult the price to $65,000+.
⚠️ Fuel from below (Long Squeeze): A powerful "fence" of long liquidations has formed to the left of the current price in the range of $62,200 - $62,500. The market often likes to remove such overheated shelves before the main movement.
🎯 Scenarios and conclusion
At the moment, the initiative remains on the side of buyers, but buying directly below the resistance level of $64k is not the best idea. We consider two scenarios:
1. 🚀 Priority: Impulse breakout of $64,000, removal of short liquidations and flight to $65,000. Entry on a retest of the broken level.
2. 🔄 Manipulative: Local “helicopter” down to gather long stops in the $62,200 – $62,500 zone, formation of a long shadow (candle wick) and subsequent reversal up. This will provide an ideal entry point with a short stop.
📊 $BTC /USD: Local assault on $64,000 and liquidation maps
Bitcoin is showing a confident uptrend on the 4-hour timeframe and has come close to the key resistance zone. We analyze the current picture according to The Kingfisher platform
📊 Technical breakdown and volumes
➡️ Current price: Consolidating around $63,905 (Mid Price).
➡️ Resistance: The main barrier for bulls is currently in the range of $63,875 - $63,910. A breakdown of this zone opens a direct path to the psychological $65,000.
➡️ Support: In the event of a local market cooling, buyers are ready to defend the levels of $62,085 and $61,908 (dynamic POC and volume cloud).
🗺 Liquidation Maps
Analysis of accumulated leverage shows a very interesting dilemma for the market maker:
🔥 Fuel from above (Short Squeeze): The cumulative liquidation line of shorts (red chart) is rapidly growing above $63,500. A consolidation above $64k will trigger a cascade closing of sellers' stops, which can catapult the price to $65,000+.
⚠️ Fuel from below (Long Squeeze): A powerful "fence" of long liquidations has formed to the left of the current price in the range of $62,200 - $62,500. The market often likes to remove such overheated shelves before the main movement.
🎯 Scenarios and conclusion
At the moment, the initiative remains on the side of buyers, but buying directly below the resistance level of $64k is not the best idea. We consider two scenarios:
1. 🚀 Priority: Impulse breakout of $64,000, removal of short liquidations and flight to $65,000. Entry on a retest of the broken level.
2. 🔄 Manipulative: Local “helicopter” down to gather long stops in the $62,200 – $62,500 zone, formation of a long shadow (candle wick) and subsequent reversal up. This will provide an ideal entry point with a short stop.