📊 Daily Bitcoin Assessment
❌ Over the past 24 hours, the market has witnessed a broad wave of liquidations (according to CoinGlass data)
Approximately 160,699 traders were liquidated, with total liquidations amounting to $600.22 million.
— About 84% of these positions were long, compared to only 16% short.
Bitcoin has started to gradually decline, and I believe this is related to Trump's recent statements about imposing new tariffs. The ongoing trade war negatively affects financial markets.
📉 I foresee that this correction will continue, and I expect the price to reach the target range between $102,500 - $105,000, with a high likelihood that we will see these levels soon.
📈 Bitcoin's dominance remains strong at 64%, causing sharper declines in the altcoin market, which is falling at a faster pace compared to Bitcoin$BTC
