The BTC market liquidation data is showing a sensitive zone around 94.6–94.7K. This is the area where both long and short positions start to come under pressure, making price volatility more likely to erupt.
Currently, the market is still in an accumulation phase, so if it holds until the 4th pivot point, the likelihood of a strong bounce or correction will tend to appear tomorrow rather than today.
From the current price zone, BTC could go in two directions: • Dump towards the 4th pivot • Pump upwards to retest the resistance zone
However, based on the current (PA) price action, it’s difficult to determine which scenario is more dominant. In such a highly volatile environment, the wise strategy is to patiently observe and wait for clear signals before taking action, rather than rushing to make decisions.~~~
If you’d like, I can also write a version in a more in-depth analytical style, or a concise tweet-style version.
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The BTC market liquidation data is showing a sensitive zone around 94.6–94.7K. This is the area where both long and short positions start to come under pressure, making price volatility more likely to erupt.
Currently, the market is still in an accumulation phase, so if it holds until the 4th pivot point, the likelihood of a strong bounce or correction will tend to appear tomorrow rather than today.
From the current price zone, BTC could go in two directions:
• Dump towards the 4th pivot
• Pump upwards to retest the resistance zone
However, based on the current (PA) price action, it’s difficult to determine which scenario is more dominant. In such a highly volatile environment, the wise strategy is to patiently observe and wait for clear signals before taking action, rather than rushing to make decisions.~~~
If you’d like, I can also write a version in a more in-depth analytical style, or a concise tweet-style version.