* Update Liquidation heatmap at current time of $BTC
1. High liquidity zone: Green and yellow bands represent large liquidity levels. These zones show large order concentration at specific price levels, which can affect the direction of BTC's movement. Specifically:
âą The area around $60,000 - $61,000 has large liquidity, indicating strong support.
âą The area around $63,000 - $64,000 is a strong resistance zone with many pending sell orders.
2. Current price movement: BTC's price line is fluctuating between $61,000 - $62,000, without a clear breakthrough, and is moving sideways around these levels. This shows the market's hesitation.
3. Short-term trend: BTC is likely to continue to fluctuate in a narrow range between $61,000 - $63,000 until there is a breakout from the high liquidity zone. Pay attention to the $60,000 area because if broken, BTC could fall further.
Conclusion:
BTC is likely to continue to move sideways in the short term with support levels at $60,000 - $61,000 and resistance levels at $63,000 - $64,000. If either of these levels is broken, the price will have a clearer trend.
