Update
As expected, BTC has removed all the lower liquidations, and there is now little liquidity at the lower levels.
From a technical perspective, BTC is forming a descending wedge pattern, and we are currently at the lower support level, which seems solid as a support zone. We also have the 100 EMA acting as additional support here.
In my opinion, this is a good time to buy the dip.
According to the liquidation heat map, there are millions of dollars in liquidations between the range of $111K–$112K.
Technically, we are also at a strong support level.
So I am expecting a bounce towards the upper liquidation zones.
I will keep you informed as things develop.
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$BTC
