$BTC

Hello everyone

Sunday update about BTC.

As I said in my previous posts that BTC will retest it support at 57k and after that BTC will go towards the 60k area to grab some liquidity .

As we can see inside heat liquidation map of BTC there's large liquidity at 62k area and a junk of liquidity at 56800 area .

So in my opinion there's still a chance that BTC just touched 56800 area again and make fake downward trend and when Shorts increases at that point BTC will move toward 62k area to liquidate shorts.

1 more interesting thing is that 58925 is 0.618 Fibonacci level and BTC need to close above it.But if BTC close below in daily then it is very difficult for BTC to regain this level in one go and we may see some boring movement between 56800 to 58200 range.