Daily $BTC Overview

🔴Market Liquidations in the Last 24 Hours (CoinGlass): ~54K traders, totaling ~$170M — ~20% long positions and ~80% short positions.

🟣BTC is holding above 60K, indicating a short-term trend reversal towards the upside 📈. A potential bullish pattern could form on the chart, where indicators will reset, and the price will test the 60K level to gauge buyer strength and possibly close the CME gap.

🔴If everything goes well and the buyer shows strength from the current levels or during a retest of 60K, the uptrend could continue towards 70K to test the critical resistance zone.

If, however, the resistance at 70-72K proves too strong, we might see a decline back to 60K and potentially down to 50K. But it’s too early to make that call. #BTC☀ BTC #Bitcoin❗