📊 Technical Analysis of Bitcoin |$BTC
Current Price: $107,059
The recent decline was accompanied by a clear accumulation of liquidity from both sides: accumulated buying and selling trades during the recent volatility phase.
🔍 What does that mean?
Such accumulation puts the market in a very sensitive position.
The presence of significant liquidity on both sides means that the market maker will not seek to hit both sides at once (Double Kill) — this would require excessive and irrational volatility.
⚠️ The most likely scenario:
🔹 Either an initial rise to capture buying liquidity, followed by a sharp drop.
🔹 Or an initial drop targeting the closure of pending buying trades, followed by a sudden rebound.
And this is what makes the situation concerning for short-term speculators.
In these circumstances, it is better to:
✅ Monitor price movement carefully
✅ Avoid entering without clear confirmations
✅ Implement strict risk management plans
Nearby technical levels:
🔻 Support: $105,900
🔺 Resistance: $108,100
📅 Next week may be the decisive round… Expect sharp movements and testing of critical support and resistance levels!
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