$BTC #BTC
The price is trading just below a major liquidation cluster with low leverage.
Due to the strong bullish movement in the last few hours, BTC has already started to hunt for that liquidity. However, most of that cluster is still above.
On the downside, liquidity continues to stack up between $58k and $60k, creating a significant target below the current price.
I believe that this liquidity on the downside will be swept at some point. But for now, I'm expecting BTC to push further into the bullish cluster and at least break the equal highs before we see a potential reversal.
The price is trading just below a major liquidation cluster with low leverage.
Due to the strong bullish movement in the last few hours, BTC has already started to hunt for that liquidity. However, most of that cluster is still above.
On the downside, liquidity continues to stack up between $58k and $60k, creating a significant target below the current price.
I believe that this liquidity on the downside will be swept at some point. But for now, I'm expecting BTC to push further into the bullish cluster and at least break the equal highs before we see a potential reversal.