🚨🚨🚨$BTC LIQUIDATION ALERT.
✅After the massive dump on Sunday, we have seen $BTC make a nice retrace to the 112k level which is a nice supply zone on the lower time frame. But taking a closer look at the liquidation heat map of BTC, we can see that there is a lot of untapped liquidity resting above 113k which needs to be taken out before we can see any significant move for BTC.
✅Again if we look at the BTC CME chart, we can see a CME gap between 113k to 117k which BTC needs to fill before making another pump or dump. At this point there will be a lot of manipulations in the market to take out both the early buyers and the early sellers, so we need to see a good price action for BTC before making any trading decisions.
‼️Note that on the lower time Frame price action, we should see BTC make another drop to the 110k level as this price level is an important demand zone on the 1 hour time frame.
🚩It is important to do your own research as this is just a personal opinion.
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