📉 Bitcoin Daily 📈
The May 27th swing high at $110,700 was not surpassed during the recent bullish impulse, indicating significant liquidity above this level from both stop-loss orders and stop-market buys. This suggests a near-certain retest of this level in the future.
The key question is whether $BTC will remain within a narrower range ($108,400–$110,700) before this move or undergo a deeper correction toward the bottom of the rising wedge ($105,700–$106,500).
On the three-day timeframe, an interesting higher-timeframe perspective emerges. The current three-day candle, which closes today, appears bullish so far. If it closes as is, the next three days could bring a breakout above $110,700, potentially reaching a new all-time high. However, if the next three-day candle is rejected, the scenario involving a correction to the bottom of the rising wedge becomes more likely.
🎯 Key Levels to Watch:
• Above: 110000 / 111124 / 111960 / ATH
• Below: 108367 / 106775 / 105677 / 104544
🔥 #Bitcoin Liquidation Heatmap:
• Above: 110730 / 111200 / 112270 / 114455
• Below: 109025 / 108133 / 107345 / 106640