Bitcoin Range Oscillation - But Liquidity is Shifting

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$BTC is consolidating slightly above $106,500, with price movements oscillating and no decisive breakthrough. As the price further tightens, both bulls and bears face a test.

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BTC/USDT - Binance 15-Month Heatmap Overview

Current Price: $106,693

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Market Structure:

• Price was rejected at $108,700, currently forming a descending structure

• Lower highs + lower lows = Short-term bearish bias

• Frequent sell signals around $107,000

• Current support level at $106,550, but weakening

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Liquidation Zones:

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Bearish Liquidation Zone (Resistance Level):

• $107,200 - $107,600 → Strong liquidity, likely to be defended

• $108,000+ → Low volume area, potential squeeze space if broken

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Bullish Liquidation Zone (Support Level):

• $106,500 → Key area under attack again

• $106,000 → Key long base

• $105,500 and below → Major support cluster

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Market Sentiment and Summary:

• After exceeding $107,000, buyers lose purchasing power

• Sellers gain control, rejecting every bounce

• Volume curve shows significant resistance above $107,500

• Currently in range oscillation, slightly leaning bearish

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Key Levels to Watch:

• Support: $106,550 → $106,000

• Resistance: $107,200 → $107,600

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If the price breaks below $106,550, we may see a rapid move towards $106,000 or even $105,500.

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If bulls reclaim $107,300, they may attempt to trap late shorts and push back to $108,000.