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Bearish
$BTC Signal Alert
If Bitcoin ($BTC) manages to trigger the highlighted liquidation cluster, it’s likely that a wave of sell orders will hit the market.
However, since BTC is currently in high demand—and centralized exchanges (CEXs) are facing low supply—those orders could be absorbed quickly.
As a result, instead of a price drop, we might see a sharp move upward toward the resistance zone for a retest.
That said, if buyers aren’t willing to pay the premium near such a major resistance level, the price could stall or pull back instead.
If Bitcoin ($BTC) manages to trigger the highlighted liquidation cluster, it’s likely that a wave of sell orders will hit the market.
However, since BTC is currently in high demand—and centralized exchanges (CEXs) are facing low supply—those orders could be absorbed quickly.
As a result, instead of a price drop, we might see a sharp move upward toward the resistance zone for a retest.
That said, if buyers aren’t willing to pay the premium near such a major resistance level, the price could stall or pull back instead.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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