Good morning ☀

Daily overview of BTC

❌Liquidations in the market over the last 24 hours, CoinGlass: ~105,840 traders, total liquidation amount was 320.44 million USD. — ~82% long positions and ~18% short positions.

The asset is attempting to move above $105,000, but it looks quite weak + trading volumes have started to decline again.

There is no clarity on the asset, as it shows only local movements in both directions, but I lean more towards a retest of support at $103,000.

I highly doubt that in the near future we will be able to break the moving averages and move above the cloud, so I tend to stick to a bearish scenario.