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📱Daily BTC Overview

🔴Liquidations in the last 24 hours, according to CoinGlass: ~73K traders, totaling ~$161M — ~70% long positions and ~30% short positions.

BTC has bounced off the lower boundary of the "bullish pennant" and is now heading towards the upper boundary, around 70K. The remaining movement within the pattern is limited. Given that today is Friday, it is likely that we will spend the weekend within the 69-68K range and see a breakout from the formation next week.

🔴This is assuming nothing changes by the end of today.

Essentially, we need to watch for the direction of the breakout:

📈 If we break through the upper boundary — the pattern will play out and we will see growth towards 74-75K.

📉 If we break through the lower boundary — the decline will continue within the sideways range. In the best-case scenario, we will test the 61.8% Fibonacci level around 65K.

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