$BTC
Contracts in the cryptocurrency market worth 130 million dollars were liquidated in the last 60 minutes, reflecting a rapid bearish movement and an increase in volatility.
Despite this, $BTC is still moving within the same demand zone on the higher time frame, without a clear break of the overall structure.
The area between 88,000 – 82,000 dollars is a critical level; as long as the price maintains it, the current movement can be considered a liquidity grab resulting from a failed trend rather than the beginning of an actual bearish reversal.
On the positive side, reclaiming the range of 90,000 – 95,000 dollars represents the first bullish confirmation signal. With this confirmation, potential bullish targets remain open towards 105,000 – 120,000 dollars.
Calmness is required, and monitoring should be accompanied by confirmation of the price structure before making any decisions.