The recent market has really been testing the hearts of all crypto investors.
From the euphoric surge past $80k back in May to the recent drops due to soaring U.S. Treasury yields and geopolitical tensions, Bitcoin has been breaking through various support lines. Today, we're using the purest data liquidity (liquidity chips) and tracking the real money flow of ETFs to dissect the potential for BTC's wild swings in the next 48 hours.
๐ The inside scoop on resistance levels and order flow battles
Why did it hit $61,300 today and then just stall out?
Because when we look at the order book depth, there's been the strongest limit bids from whales since 2026 stacking up between $60,000 and $61,500. The sell-off from the ETF OTC flows has all been absorbed by this 'sponge' in the on-chain order flow.
Currently, resistance has clearly shifted down:
1. Short-term resistance: $65,000. This level represents the pain point for countless retail traders and is also the dense peak of chip distribution (VAH).
2. Bullish counterattack signal: $68,000. If Bitcoin manages to reclaim $65,000 with volume from this Friday's U.S. Non-Farm Payroll data (Jobs Report) and holds steady, the air above will be very thin, and shorts may likely get squeezed, sending Bitcoin back into the $68,000 fluctuation zone.
๐ฎ Exclusive trading strategy:
Right now, don't blindly chase shorts! The RSI on the 4-hour chart has shown serious overselling coupled with bullish divergence. Historical experience tells us: when the ETF selling data is the scariest, and retail traders are the most desperate, with leveraged longs getting wiped out, it's often the start of a local bottom.
Spot traders can continue to hold or dollar-cost average, while contract traders should closely monitor the order flow around $61,000. If a big order establishes a bottom, it will be an excellent long opportunity with a great risk-reward ratio.
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