📈📉 #BTC, crypto market. Brief update



❌Liquidations on the market over the past day, CoinGlass: ~116K traders, for a total amount of ~$335 million. ~60% long positions and ~40% short positions.

There are no significant changes in the BTC chart. But the price is already tightly squeezed between support and resistance levels. The spring has compressed, it only remains to break the resistance, which will lead to an impulsive growth towards 100K 📈

There are no prerequisites for a decrease yet. The price clearly had enough unloading within the current triangle.

🤔I think we can see a corrective decline, but from higher levels. The important resistance level will be 100K, where many will want to take their profit. And to break through at the first attempt, above such an important level, is unlikely to succeed. Therefore, at the moment, I will expect a rebound specifically from the area around 100K.
BTC-0,33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)