Bulls continue to be the main victims of the current BTC growth. They are the leaders in liquidations for another day.
If yesterday there were more longs among liquidations only in 24 hours, then today - and in all other periods of the day - 1 hour, 4 hours, 12 hours.
In total, liquidations in the last day amounted to $396 million, of which longs - $216 million. On the Strait, in the last hour, liquidations amounted to $59 million, of which longs - $50 million. Periodic long squeezes on this growth very effectively sweep passengers out of the rocket flying upward.
The decline over the last hour has returned#BTCto a steady downtrend on the 15-minute and 30-minute timeframes, as it was yesterday around the same time.
BUT the situation is different - there is no clear reversal candle yet. Plus, in the past hour, the price almost went into a stable downtrend on the hourly TF, and this would be a more serious signal for correction. If in the coming hours the price does not return above $98,700 - a change in trend on this TF will still happen.
The last stable downtrend on the hour was on November 17-18, but it did not even reach the first target. Therefore, this is not a guarantee of the start of the correction. Here is a two-hour TF - a much greater probability. There is an uptrend there since November 5, Trump's victory. And its end should not be ignored.
By the way, in terms of volume levels, the price came to the correction almost exactly at the level of $97,511, the importance of which was written about yesterday and today. There are significant volumes there, you need to watch its retention, because the next volume level is only $95,665.
For now, we are inclined to believe that this correction is another local long squeeze, but a stronger one.
