Good morning ☀️
📱Daily BTC Review
🔴Liquidations in the market over the last 24 hours, CoinGlass: ~39 K traders, totaling ~$79 million - ~65% long positions and ~35% short positions.
We observe a local bounce from the upper boundary of the descending channel. And if the buyer doesn't take any actions in the nearest future, we may continue falling to the lower boundary - to 55.5K.
🟣Let's see today who will take the initiative, the buyer or the seller. The vector of movement in the coming days will depend on it.
🟣Recall that:
📉If the seller will press the price at least a little, the nearest downside target will be the marks within 55K, which I spoke about initially.
📈If the buyer and the price will break above the upper boundary of the channel, then the road to 63K will open, and when consolidated above the resistance zone and even to 67K.
#CryptoMarketMoves #BTC #everyone