#bitcoin
📊 $BTC /USDT: Shorts, buckle up. Liquidation chart analysis from The Kingfisher
While most were drawing down charts, the market prepared a classic trap. Let's analyze the current picture of Bitcoin right now.
1️⃣ Where is the fuel? (Liquidation chart)
With the previous spill, the market completely cleared the long liquidity below - in the area of $60,000–$61,500, the bottom is now completely empty. The bears simply have nothing to follow down.
Instead, a colossal cascade of short stops has accumulated above. The cumulative liquidation chart (top right panel) shows a steep wall in the range of $62,500–$64,000. The fattest zone ($62,600–$63,200) is being removed right now.
2️⃣ Technical picture and Glass
Current price (Mid): ~$63,200.
The 1-hour timeframe clearly shows the fading of the downtrend. The $62,500 area has acted as a strong block for trading (Volume Profile), where buyers have seized the initiative.
There is a dense wall of sell limits (Asks) in the glass above $63,200, but since this is the area of short stop orders, the market maker has the perfect hook to pull the price higher on their own fuel.
🚦 Scenarios and goals:
📈 Priority (Short Squeeze): Since the market always goes where the money is, the most likely move is to continue the momentum up. The goal is to completely knock out the liquidation cascade and test the $63,800 - $64,200 area.
📉 Alternative: If we don't close the 1H candle above $63,200 and fall below $62,500, the momentum will fade, and we will return to the boring flat ($61,500–$63,000) to collect new liquidity.
Summary: The picture looks as long as possible purely due to the liquidity imbalance. The market is ready to close the shorts in their tracks. We are watching for consolidation!
