[Update wave $BTC on November 27, 2024]

Currently, the liquid at 90k has been nearly wiped out, only a small amount remains at 90-90k7.

Although Altcoin fomo has cooled down, most have been liquidated or canceled orders. However, BTC and ETH are still experiencing Long fomo, making me concerned about a deeper sweep at 88k.

Currently, MM will have 2 options to move forward as follows:

1. Will continue to push further and move slowly to push dom from here down to 88k. If this option occurs, the next sweep will be more gentle.

After touching 88k, it will gradually move up to 99k.

2. BTC moves straight up to 99k. After that, there will be stronger corrections. (I lean towards this option more, however, the funding rate of BTC and $ETH does not support much.)

On the total side, it just retested the new upward trendline for the first time after some increases without corrections.

P/S: The current data has provided more information about the distribution area of BTC, however, Dom needs to break down stronger to confirm completely.

In the past 24 hours, 169,265 traders have been liquidated, with a total liquidation amount of 465.47 million dollars.

The largest liquidation occurred on Binance - ETHUSDT with a value of 11.85 million dollars.

=>>> Long chasing large volume has resulted in many orders being filled, causing ETH to be continuously suppressed.