So Bitcoin had a daily close well below the 50w EMA.
We are now at the 96k level which is a zone with extensive liquidation levels (bottom chart). This led to a large leverage reset so we could find support here.
However, another high liquidation zone is between 91k - 92k (ironically where an unclosed CME gap is).
Whether we get a liquidity sweep to that level will depend on how things play out when US markets open.
🤔
BTC
94,796.62
-3.90%