#BtcUpdate
Here's a quick update
1. Binance BTC/USDT Chart (15m Timeframe)
Price: BTC is trading at $94,959.60.
Trend: Short-term price action is showing a recovery after dipping to $94,200, forming higher lows.
EMA(34): The current price is slightly above the EMA, suggesting short-term bullishness.
RSI: RSI(20) is at 56.11 — indicating moderate bullish momentum, not overbought.
Williams %R: At -23.69, it suggests BTC is nearing overbought territory.
MACD: Positive divergence (DIF > MACD) supports bullish continuation for now.
2. Coinglass Liquidation Heatmap
There's a concentration of predicted liquidation zones between $95,000 to $96,000.
Above $96,000, liquidation levels thin out, suggesting a breakout could move quickly if it breaches this range.
On the downside, liquidation pressure strengthens near $93,000 and below.
Combined Insight:
BTC is trading in a tight short-term range between $94.2K and $95.6K. If it breaks above $95.6K, there's potential for a quick short squeeze up to $96.5K or beyond due to thin resistance on the liquidation map. However, if it fails and drops below $94.2K again, sell-offs may trigger around $93K.
