Liquidation Map Based Analysis
For this analysis, we will use liquidation maps as a starting point. These maps show a strong accumulation of long positions at the lowest levels of the market. This situation has a logical explanation: the recent drop over the last two days has caused a large number of buy orders to be executed at lower prices, generating a high liquidity zone.
Short-Term Outlook.
In order for the price to start an upward movement, it is necessary for it to absorb this accumulated liquidity. Based on this analysis, we set a target level of $52,500. This value coincides with significant support zones on the 12-hour and daily Bitcoin chart.
However, despite this bullish outlook, it is important to consider technical indicators. The MACD (Moving Average Convergence Divergence) shows signs of weakness, as the "K" line has recently lost the 50% level. For a clear buy signal to be generated, the "K" line must cross above the "D" line. So far, we see no clear signs that this will happen in the near term.
Possible Short-Term Scenario.
Considering the factors mentioned above, I would venture to suggest that we could experience at least one more week of declines. It would not be surprising if a last-minute correction occurs later this week, similar to those we have seen on previous occasions.
Short-Term Trading Strategy.
In light of this scenario, my short-term trading strategy will focus on looking for short opportunities on short-term bounces. These temporary bullish moves could offer interesting entry points for short positions.
