A quick look at the liquidation heat map for the perpetual Bitcoin/USD contract on Binance reveals whale-sized movements ๐ณ over the past two days! Itโs a real liquidity battle!
๐ We have witnessed a gradual decline from $111,000 to $106,000, passing through high liquidity areas (those abundant green-yellow zones) that were filled with leveraged buy orders. Painful! ๐
Currently, Bitcoin is hovering around $107,000 - $108,000, dangerously approaching support areas filled with accumulated liquidity at:
โข $104,000 โ $106,000 ๐ฏ (Could this be the next target for liquidating more buy orders? ๐)
But wait, thereโs another side! ๐ข A massive resistance wall stands between $110,000 โ $112,000, filled with leveraged sell orders. If Bitcoin decides to bounce, the whales could push it up to liquidate these orders and make quick profits! ๐ฐ๐
โ ๏ธ Beware! This is not an ordinary market; itโs an outright "liquidation game"! The big players are coordinating price movements to hunt for exposed liquidity. Donโt get caught in the crossfire! ๐ฅ
๐ง Professional advice:
Never enter large trades without a stop loss! ๐
Focus on liquidity movements, not just the price! ๐
So, the puzzling question remains...
Do you think Bitcoin will break support and drop towards $104,000?
๐ Impossible!
โค๏ธ It will hold strong and bounce back!
๐ Prepare for $98,000!
