Good morning ☀

Daily BTC Overview

❌Liquidations in the market over the last 24 hours, CoinGlass: ~ 210,822 traders, total liquidation amount was 719.41 million USD.. — ~67% long positions and ~33% short positions.

The asset has started to correct, which was generally expected, but I thought we would stretch a bit longer before the decline.

At the moment, I see key support at 100.000$ for potential decline, and we will need to monitor the buyer's reaction there, whether we can hold this area.

Altcoins logically followed BTC due to high dominance, as I mentioned, the indicator has decreased, but still a large portion of liquidity is in Bitcoin.