BTCUSDT.1H Review
Will there be a bull run?
I don't really believe in hitting new all-time highs, but taking liquidity from short-sellers can't hurt. If the price rises to $66,000 from the current level, the estimated liquidation amount will be around $3 billion.
A lot of liquidity has accumulated at higher levels, and in the last 18 days, we have not broken out of the downtrend structure once. The zone of interest is $70,200-$71,800, and I expect the market to reach this price.
We have also touched a good support level, from which, I hope, we can break out the downtrend structure. For those who are looking for a position, now is the time to consider opening a buy position. High risk - open a position from the current level with a stop below $63,300, but it is better to wait until a breakout of the structure occurs.
Many factors influence price behavior, making such large movements difficult to predict. If the news allows for growth, we could see a rise, if not, a fall below $61,700 is possible, but I am not considering that option at the moment.
This is my subjective opinion, not trading advice.