AhmadFathoni

$BTC
#RangeTradingStrategy #BitcoinWeakens
Zone 56k becomes the target if panic selling occurs

$BTC #BitcoinWeakens #RangeTradingStrategy
Liquidity of 65k has already been taken. 68k still faces resistance.
When many traders are holding long positions, only a few buyers remain to push the price higher. As a result, price rallies often encounter obstacles.
Additionally, these positions typically use leverage. If Bitcoin's price drops even slightly, forced liquidations can trigger rapid sell-offs. This creates a chain reaction, where falling prices trigger more liquidations and deeper declines.
Previous cycles have repeatedly shown this pattern during periods of excessive long exposure.