Warning! 🚨

Bitcoin ($BTC ) is exhibiting peculiar behavior today. Despite expectations of a bearish turn, it has yet to produce a significant downward candle. Currently, there's substantial liquidation occurring at the following levels:

1. $66,046, $65,698 (totaling $92 million)

2. $67,487 (totaling $76 million)

It remains uncertain whether the market will absorb the liquidations of short positions or long positions first. However, it's highly likely that both will be affected. It could initially consume the long positions, enticing more sellers into believing a crash is imminent, only to swiftly surge back up to $67,487, annihilating the shorts entirely before resuming its downward trajectory. Regardless, the market is poised for a major move, so exercise extreme caution. #BullorBear #BTC 🔥🔥🔥 #bitcoin 📉📈

Conclusion: Given the unpredictability of the current situation, traders should approach with caution and be prepared for significant volatility. Keeping a close eye on market movements and having risk management strategies in place is crucial in these uncertain times. Stay vigilant! 💼🔍