1. $BTC Liquidation Levels
2. $BTC Liquidation Heatmap
3. $BTC Technical Analysis
4. Bitcoin Miners
5. Bitcoin Short Term Holders
6. Bitcoin Funding Rates
1. $BTC Liquidation Levels
- $BTC is Bearish in HTF. I expect a bounce at $60,000
- There are more SHORT than LONG positions in the market.I expect a SHORT SQUEEZE on those lower levels marked
- Main resistance area is between $64-66,000
2. $BTC Liquidation Heatmap
- Huge Liquidity presented in $74,000. Therefore, we will retest that level eventually
- Actual resistance remains in $64-66,000$ based in Liquidity, as you can see also in this metric
- I expect a Liquidity Hunt below $60,000 for then to bounce
3. $BTC Technical Analysis
- #Bitcoin is heading to a critical SUPPORT.
- If this Support is lost, with huge bearish volume, we may retest lower Supported at $55,750
- We have been on this RANGE on $BTC since February. If $BTC lose this support, will lose his BULLISH MS.
4. Bitcoin Miners
Are extremely underpaid right now as daily revenues have reached to the lowest since November 2022.
This metric tracks the growth of the block reward compared to the growth in mining difficulty.
Miner revenue is low compared to the price of Bitcoin
5. Bitcoin Short Term Holders
Are moving their Bitcoin at a loss.
Investors who have been costing higher over the last 6 months are at a loss and are likely to panic sell below the SOPR.
This metric indicates that the market is close to a local bottom.
6. Bitcoin Funding Rates
Is a pivotal metric that gauges the dominance of either buyers or sellers in driving market.This recent corrective retracements have prompted a significant downturn in funding rates.This downturn alleviates the pressure for further liquidations.
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