BTC REJECTED AT 74K AND NOW EVERYONE'S EYEING 71K 🚨📉
What we’re seeing now aligns perfectly with what we've been monitoring for days 👀🔥
Follow me for more info so you don't miss anything.
📉 #bitcoin tried to reclaim the 74k zone but was strongly rejected and ended up losing key support levels.
📊 In the chart, you can see how the price breaks the sideways structure, cuts through liquidity zones, and accelerates the drop down to the 70.5k-71.5k range 💥
🔥 Volume spiked during the drop, indicating it wasn’t just a minor correction. Plus, the volume profile shows a significant zone between 72.9k and 73.5k that could now act as resistance if #BTC tries to bounce back.
⚠️ This coincides with a massive liquidation of leveraged positions. First, aggressive longs were wiped out, and now the market is eyeing its next liquidity target 🎯
📈 A bounce from this zone wouldn’t be surprising, but as long as Bitcoin doesn’t reclaim the 72.9k-73.5k level decisively, the pressure continues to favor the sellers.
👀 Many could confuse a technical bounce with the start of a new uptrend when there’s still a risk of another liquidity sweep before a more solid recovery.
🔥 The market keeps doing what it does best: punishing as many traders as possible before the real move.
Do you think 71k will be Bitcoin's temporary bottom, or will we see one last dip to lower zones before the next pump? 🚀🤔📊
What we’re seeing now aligns perfectly with what we've been monitoring for days 👀🔥
Follow me for more info so you don't miss anything.
📉 #bitcoin tried to reclaim the 74k zone but was strongly rejected and ended up losing key support levels.
📊 In the chart, you can see how the price breaks the sideways structure, cuts through liquidity zones, and accelerates the drop down to the 70.5k-71.5k range 💥
🔥 Volume spiked during the drop, indicating it wasn’t just a minor correction. Plus, the volume profile shows a significant zone between 72.9k and 73.5k that could now act as resistance if #BTC tries to bounce back.
⚠️ This coincides with a massive liquidation of leveraged positions. First, aggressive longs were wiped out, and now the market is eyeing its next liquidity target 🎯
📈 A bounce from this zone wouldn’t be surprising, but as long as Bitcoin doesn’t reclaim the 72.9k-73.5k level decisively, the pressure continues to favor the sellers.
👀 Many could confuse a technical bounce with the start of a new uptrend when there’s still a risk of another liquidity sweep before a more solid recovery.
🔥 The market keeps doing what it does best: punishing as many traders as possible before the real move.
Do you think 71k will be Bitcoin's temporary bottom, or will we see one last dip to lower zones before the next pump? 🚀🤔📊