Based on two liquidation maps from Coinglass, we will analyze BTC's support, resistance, and potential trend zones.
Here is the detailed article:
1. Overview of liquidation map:
• The two images show important liquidity zones where buy (long) or sell (short) orders are concentrated.
• Bright yellow or green areas represent large amounts of pending orders, indicating that this price level is the main concern of the market.
2. Identify support and resistance zones:
• Resistance zone: The area around 100,000 USDT has dense liquidity, indicating strong selling pressure. This suggests that the BTC price will struggle to surpass this mark in the short term unless there is significant buying force.
• Support zone: The area around 94,000 - 96,000 USDT has many long orders, creating strong support. If BTC falls to this area, the price is likely to bounce back.
3. Current trend:
• BTC is currently fluctuating within the range of 96,000 - 98,000 USDT, showing signs of sideways movement.
• If the price breaks above 98,000 USDT with significant volume, it is likely that the price will test the 100,000 USDT area. Conversely, if the price breaks below 96,000 USDT, the 94,000 USDT area will be an important support zone.
4. Short-term expectations:
• In the coming hours, BTC is likely to continue sideways to absorb liquidity.
• Expect stronger volatility as the price approaches large liquidity levels.
5. Conclusion and trading strategy:
• Long strategy: Place orders near the support zone of 94,000 - 96,000 USDT with a stop-loss below 94,000 USDT.
• Short strategy: Place orders around the resistance zone of 98,000 - 100,000 USDT, with a stop-loss above 100,500 USDT.
Be cautious of unexpected market news volatility.
Monitor liquidity data regularly to adjust your trading plan.#BtcNewHolder #FutureTarding #furures $BTC