$BTC Market Update
Currently trading around $64,300, holding near a key support zone after bouncing from the recent local low. Buyers have stepped in, helping the price recover and keeping the short-term structure intact.
According to the liquidation heatmap, around $15.54 million in short liquidations are clustered near the $64,657 level. A strong breakout above this resistance could trigger a short squeeze, potentially driving BTC toward higher price targets.
However, traders should wait for a confirmed breakout before entering new positions. Always use proper risk management and a stop-loss to protect your capital.
Do you think #BTC will break above this resistance and continue higher, or will we see another rejection from this zone?
#crypt
Currently trading around $64,300, holding near a key support zone after bouncing from the recent local low. Buyers have stepped in, helping the price recover and keeping the short-term structure intact.
According to the liquidation heatmap, around $15.54 million in short liquidations are clustered near the $64,657 level. A strong breakout above this resistance could trigger a short squeeze, potentially driving BTC toward higher price targets.
However, traders should wait for a confirmed breakout before entering new positions. Always use proper risk management and a stop-loss to protect your capital.
Do you think #BTC will break above this resistance and continue higher, or will we see another rejection from this zone?
#crypt