Current Price: $69,143.99 (-0.73%)
Bitcoin is creating what looks like a "trap" intended to trigger liquidations for traders jumping into long positions, expecting a breakout to new highs. For those following this analysis, be cautious – that breakout isn't likely here just yet.
Key Insights:
Anticipated Liquidation Event: Massive liquidations are expected around 05/11, potentially catching over-leveraged traders off guard.
Pending Gap: A gap remains that could be filled in the next few days or even hours, adding to the short-term uncertainty.
Strategy Recommendation:
Avoid setting orders prematurely. Instead, set alerts and watch for movements into the target zone.
Prepare for potential "fuses" – quick dips below expected levels – with any high-leverage trades (15x max).
Stay patient and monitor closely – BTC could be in for a sharp move soon.