Current Context (as of April 23)
#BTC🔥🔥🔥🔥🔥 dipped to around $91K after liquidating a heavy cluster near $92K (~$62.64M wiped).
Rebounded to around $93K–94K, suggesting buy pressure after liquidation sweep.
There's a major liquidation cluster above ~$94.7K and another around $96.4K, so price may be drawn there next if momentum continues.
Strong liquidation layers also sit below at ~$89.5K and ~$87.8K, which could act like magnets if BTC reverses.
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Possible Scenarios:
Bullish:
BTC holds above $92K and pushes to test $94.7K.
Break above that could target $96.4K, triggering more liquidations and momentum plays.
Bearish:🚀
If BTC fails to stay above $92K and breaks below $91K, next liquidation support is around $89.5K, possibly even to $87.8K.
That would signal a deeper flush, possibly orchestrated to wipe remaining longs.
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Neutral/Range Scenario:📉
BTC consolidates between $91K–$94K, cooling off after the liquidation event, waiting for macro catalysts or volume build-up.