Observing the momentum signal at the beginning of the week, $BTC is leaning towards a downtrend.
๐ However, if we look at the liquidation chart, a BTC rebound will bring more benefits for exchanges.
๐ Therefore, scenario 1 is highly likely to occur.
๐ Observe the reaction of #BTCโ at the price level of 102,000 USD - currently a strong support for BTC.
- If it touches 102,000 USD and rebounds immediately, that would be great.
- On the contrary, if it falls below this price level, it will definitely trigger a strong sweep before bouncing back.
#bitcoin