#MarketRebound
Based on the Coinglass chart, this is additional analysis to predict the direction of BTC:
1. Liquidity Zone Analysis:
• Price range from 92,000 - 93,000 USDT: There is high accumulated liquidity, indicating many buy orders waiting in this area. This is a strong support zone; if the price drops, there is a possibility of bouncing back from here.
• Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, serving as a temporary resistance zone. The price needs strong buying power to overcome this.
2. Price Movement Potential:
• With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this range in the short term.
• The current level of 94,000 USDT is situated between two liquidity zones. If buying power increases, the price may move up to the 96,000 USDT range, but the potential to push further will face strong resistance.