Stop........ stop........ stop........
Your attention is needed for just 5 minutes.
$BTC
Bitcoin Is Stuck Between Two Large Order Zones, $75,000 and $80,000
Bitcoin is currently "sandwiched" between two large order volumes, signaling a decisive price zone is approaching.
BTCUSDT
Perp
76,359.7
-0.91%
🔸 Strong buy orders are concentrated around the $75,000 - $75,500 range. This is considered a support "wall" for the bulls.
🔸 Large sell orders are present in the $79,000 - $80,000 area, forming a difficult resistance level to overcome in the short term.
🔸 If BTC loses the $75,000 mark, the next support zone is almost empty until the $70,000 level, a liquidity gap that could cause a rapid price drop.
Will Bitcoin be able to hold above the $75,000 level and head towards $80,000, or is the risk of it plummeting back to $70,000 looming?
News is for reference, not investment advice. Please read carefully before making a decision.
#kingscrypto
Your attention is needed for just 5 minutes.
$BTC
Bitcoin Is Stuck Between Two Large Order Zones, $75,000 and $80,000
Bitcoin is currently "sandwiched" between two large order volumes, signaling a decisive price zone is approaching.
BTCUSDT
Perp
76,359.7
-0.91%
🔸 Strong buy orders are concentrated around the $75,000 - $75,500 range. This is considered a support "wall" for the bulls.
🔸 Large sell orders are present in the $79,000 - $80,000 area, forming a difficult resistance level to overcome in the short term.
🔸 If BTC loses the $75,000 mark, the next support zone is almost empty until the $70,000 level, a liquidity gap that could cause a rapid price drop.
Will Bitcoin be able to hold above the $75,000 level and head towards $80,000, or is the risk of it plummeting back to $70,000 looming?
News is for reference, not investment advice. Please read carefully before making a decision.
#kingscrypto