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BTC REWIVE
🔴Liquidations in the market over the past 24 hours, according to CoinGlass: ~186K traders, totaling ~$475M — ~85% long positions and ~15% short positions.
We are gradually declining, and I don't see any bounce up from the Fibonacci correction zone. Considering all the circumstances and broken supports, I expect further decline towards the 60K area.
❗️The number of liquidations is enormous. Half of these liquidations were in altcoins, which fell more significantly due to the local drop in BTC.
We continue to move within a long-term sideways range. Between 72K and 60K — this is currently the most likely scenario. We are trading from the boundaries, and after a breakout, we will open more long-term positions in the direction of the trend.
