LIVEIn the chart below, we can observe that longer liquidations are at 63124 and 61927, while shorters liquidations are at 68864 and 70258. My opinion is that the market should target longer liquidity first to boost upward momentum. I am keeping an eye on two key support levels: 61422 and the 200 EMA on a 4-hour chart. A close below these levels could lead us towards 51200, the 100 EMA in a 1-day time frame. The market is currently aggressively triggering stop losses and liquidations on both sides, so it might be wise to avoid trading if you are not experienced. When large players are involved, it's crucial to protect your capital and consider buying the dip cautiously. If you have experienced losses before, take it as a learning opportunity and focus on improving your risk management skills.
