โ๏ธ Market Overview
BTC: $114,675
ETH: $3,557
Fear/Greed Index: 64 (Greed)
BTC Dominance: 61.94%
๐ A breakdown below a bull flag usually signals that the market is likely headed for a deeper correction. That seems quite plausible right now, especially when looking at the liquidation heatmap. Many traders appear to be trying to catch the bottom and open the most favorable long positions โ which means their stop-losses below could be an attractive target for the market.
โ On a broader scale, any move above $110K should still be seen as just a minor bounce. A real correction may begin if we fail to hold this critical level.