1. Bitcoin 4-hour chart
On the 4-hour chart, we can see that the price #BTC🔥🔥🔥🔥 is within the descending triangle, from which there was a false breakout upwards. Now the price has returned to the boundaries of the figure and is moving towards the lower border, located in the area of $ 57,758. According to the moving average indicators, the 20-day EMA is above the price, which indicates short-term pressure. The 50, 100 and 200 EMAs are above, confirming that longer-term trends are still negative. The volume profile shows a large accumulation in the area of $ 59,333 - $ 61,666, which indicates resistance in an attempt to grow.
2. Map of liquidations
The liquidation map shows significant pressure around the $60,000 area. Liquidity at $57,000 has already been collected and key liquidation levels are now shifted lower to the $56,500-$57,000 range. This points to further price weakness with potential liquidations in this range if sellers maintain control.
3. Input and output of capital
The chart showed a significant outflow of Bitcoin from exchanges. The outflow indicates a decrease in supply in the market, which may be an indicator of possible growth in the future if the selling pressure eases. However, for now, given the technical data and volumes, the situation on the market remains bearish.
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