Current Price Range:
The Bitcoin price is fluctuating around 105,000 USDT, as indicated by the price line on the chart.
Liquidity Zones:
There is a significant concentration of liquidity (yellow/red areas) between 102,000 and 105,000 USDT, suggesting that many traders have stop-loss orders or leveraged positions in this range. With the current price near this zone, there could be selling pressure or defensive buying.
Above the current price, another high-liquidity zone exists between 110,000 and 116,937 USDT (the chart's top), indicating that the price may be drawn to this area if there is a breakout to the upside.
Below the current price, a support zone with liquidity between 98,000 and 100,000 USDT may act as a defensive level against declines.
Price Movement:
The price appears to be in a consolidation phase following a recent downtrend, with attempts to break the 110,000 USDT resistance but without success so far.
The green lines indicate technical support around 100,000 USDT, which could prevent sharper drops in the short term.
Liquidation Risk:
The yellow/red areas suggest that if the price rises to 110,000 USDT or falls to 98,000 USDT, a cascade of liquidations could occur, amplifying the movement.
Updated Recommendation:
Stay alert to the 110,000-116,937 USDT range for a potential upward move and the 98,000-100,000 USDT range for support. Movements toward these areas could trigger volatility.
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