โ๏ธ๐ฅ BTC CAUGHT BETWEEN TWO LIQUIDITY MAGNETS IN THE SHORT TERM ๐๐งฒ
Dude, the liquidation map for the last 48 hours is showing a pretty clear battle
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๐ Above: 63.5k
That's where the nearest concentration of liquidations of #short s is, which hasn't been fully swept yet
๐ฅ There's a bright zone between 63.4k and 63.8k, which typically attracts the price if buyers hold the reins
๐ Below: 62.4k
There's also significant accumulation of leveraged longs waiting just below the price
๐ฉธ If the market loses momentum, that zone could act as a quick target to clear out long positions before deciding the next move
๐ง What's interesting is that $BTC is trading around 62.8k - 63k, practically in the middle of both levels
โ ๏ธ The distance to 63.5k is shorter than to some lower liquidity zones, and it aligns with the scenario we've been observing for days:
๐ฅ More shorts piled up than #long s
๐ฅ Upper liquidity still unscathed
๐ฅ 64k-65k zone packed with fuel for a potential squeeze
But watch out, man...
If #BTC drops below 62.4k, the door could open to revisit the 61k-60k zone, where the highest concentration of short-term liquidity still remains
๐ณ For now, the map slightly favors a visit to 63.5k before a deep dive, but there's still no decisive break
๐ Immediate bullish target: 63.5k
๐ฉธ Immediate bearish target: 62.4k
๐ The first level to fall will likely set the direction for the next strong move
๐ฐ Do you think BTC is heading first for the shorts at 63.5k or the longs at 62.4k? ๐ฅ๐ณ๐๐๐๐
Dude, the liquidation map for the last 48 hours is showing a pretty clear battle
follow me to stay updated
๐ Above: 63.5k
That's where the nearest concentration of liquidations of #short s is, which hasn't been fully swept yet
๐ฅ There's a bright zone between 63.4k and 63.8k, which typically attracts the price if buyers hold the reins
๐ Below: 62.4k
There's also significant accumulation of leveraged longs waiting just below the price
๐ฉธ If the market loses momentum, that zone could act as a quick target to clear out long positions before deciding the next move
๐ง What's interesting is that $BTC is trading around 62.8k - 63k, practically in the middle of both levels
โ ๏ธ The distance to 63.5k is shorter than to some lower liquidity zones, and it aligns with the scenario we've been observing for days:
๐ฅ More shorts piled up than #long s
๐ฅ Upper liquidity still unscathed
๐ฅ 64k-65k zone packed with fuel for a potential squeeze
But watch out, man...
If #BTC drops below 62.4k, the door could open to revisit the 61k-60k zone, where the highest concentration of short-term liquidity still remains
๐ณ For now, the map slightly favors a visit to 63.5k before a deep dive, but there's still no decisive break
๐ Immediate bullish target: 63.5k
๐ฉธ Immediate bearish target: 62.4k
๐ The first level to fall will likely set the direction for the next strong move
๐ฐ Do you think BTC is heading first for the shorts at 63.5k or the longs at 62.4k? ๐ฅ๐ณ๐๐๐๐