#BinanceTradeSmarter Bitcoin continues its downward slide, dropping over 3% as bears push for a deeper correction before the weekly close. With liquidity being tested and long positions liquidated, traders are eyeing key support levels.
🔍 Key Insights:
📉 BTC risks a further drop to $75,000, with order books showing strong liquidity around $83K.
📊 Potential retest of the 50-week SMA, a level not seen since September.
🛑 $69,000 remains a critical support level, with a 95% probability that Bitcoin won’t fall below it, aligning with past cycles.
🔥 Will BTC hold support or dive deeper? Share your thoughts! 👇