👀 Observing the price chart $BTC on the H1 timeframe shows that momentum has been excessively overbought for almost 2 days, however, the price has not shown strong growth nor adjustment

=> Indicates signs of attracting derivative liquidity (Future)

2️⃣ Looking at the chart of derivative orders awaiting liquidation (weekly timeframe), it can be seen that the liquidity of the short side has been significantly increasing recently

=> Therefore, it is expected that Bitcoin will continue to rise to liquidate these short orders. The expected price area is 107,550 USD

3️⃣ Looking at the liquidation chart on a smaller timeframe, the liquidity layers on the Long side are also gradually thickening. So another upward movement is needed to attract the FOMO of other traders to thicken the liquidity

👉 Prediction #bitcoin will have a bounce up to at least the area of 107,550 USD, after which there will be a drop to reset the momentum. How deep this drop is will depend on the increase in Long FOMO.