📉 Bitcoin Daily 📈

📉 #Bitcoin Daily 📈

Drop to 100k was expected, but once market saw no reaction there, next 1H candle dumped it all the way from 100k to 97k. The rest was momentum pushing price lower and stock indices dumping all the way back to where they started this year.

Over $630M in longs liquidated within past 24 hours. Not as much as on 9-10th or 19-20th of December, but still it made a visible spike on liquidations chart. That gives a chance for a bounce back to 98.3-99.6k

Remember my first review of this year? I pointed out that there is no buy tail on Year chart yet. To create one $BTC has to dip below 2024 close at 93549. There it will either find support at the bottom of consolidation range or break it down. General rule - range stays valid until broken, so that is the maximum we can predict at the moment. The rest is speculation.

Nearest liquidity pools:
above - 97365 / 98375 / 98926 / 99570
below - 94515 / 94017 / 93392 / 92560



Lines on the chart:
🔸101200 - Dec week OB bottom
🔸99660 - November high
🔸98340 - week close
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low