$BTC
BTC Liquidation Heatmap Update:
The chart below highlights on-chain liquidation data from HYPE, showcasing a notable concentration of liquidity and potential liquidation zones around the $10K mark. This aligns with the prevailing market sentiment where traders anticipate a bounce and believe the price will hold above this crucial level.
Key Takeaway:
A significant cluster of liquidations is positioned near $10K, serving as a strong support zone.
Traders are aggressively "buying the dip," expecting a recovery.
The Big Question:
Will BTC stay above $10K tonight, or are we heading for a breakdown?
What to Watch:
If the price holds โ A short squeeze upward is likely.
If it breaks โ Cascading liquidations could lead to a deeper fall.
Trade Smart. Stay Alert. ๐
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