#Bitcoin has entered the region where liquidations are intense.

There are intense long liquidations in the $55-53k range. This region seems likely to work as support.

If liquidations are cleared and the price still drops below $53k, we will understand that the real target is the $49-46k region, but for now, protecting the $53k region is of great importance for the decline to stop.

I marked the other liquidation levels on the chart, friends. You can follow long liquidations as support and short liquidations as resistance.