This positioning suggested that Bitcoin was closely tied to these liquidity zones, crucial for potential bullish or bearish shifts.
has been persistently lingering above key liquidity clusters, notably around the $94,400 to $95,500 range, with potential peaks near $100,100 and between $102,700 and $103,200.
This could result in a sharp downturn as holders look to mitigate losses by liquidating positions, especially if the price fails to hold above these levels.Conversely, maintaining above these liquidity points or bouncing off them could signal strength and potential for an uptrend, possibly challenging the upper resistance near $103,200.
Currently, BTC is retesting the $96,028 support level. The repeated tests of this support level without a significant break lower may indicate underlying strength and potential for an upward move if the support holds firm.Conversely, a break below this level could lead to a decline towards lower support levels, possibly resulting in increased selling pressure as stops are triggered.
This aligned with the historical trend where buying opportunities emerge during substantial losses, typically around -12%.
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