Daily BTC Review

❌Liquidations in the market over the last 24 hours, CoinGlass: ~55K traders, totaling ~$157M - 25% long positions and 75% shorts.

According to the $49M liquidations in bitcoin, many were waiting for a bounce down from 45K to correct and start any decline📉 That's the main problem, it's likely to move sideways, taking out short-term margin positions in both directions while letting altcoins grow.

❗️so far we are moving within the scenario and the sidewall is forming between 45-43K. It is likely that this is the range in which it will move in the near future. And an exit in one direction or the other will indicate further movement:

⚫We break above 45K - we will continue the upward movement along the previously mentioned marks to 48K and 52K.

⚫ Fall below 43K - we will see a short-term correction to 40K, in the worst case, to 38K.