💸 Daily BTC Summary
❌ Liquidations in the market over the last 24 hours (CoinGlass): ~160K traders liquidated, with a total of ~$521M — ~75% in long positions and ~25% in short positions.
Bitcoin fell to 92.5K, right at the area marked as support, which is now halting the decline. Weakness is observed from the buyers, something that was already evident yesterday. Therefore, BTC continues to seek stronger hands. ✊
📉 Bearish Scenario: If there is no activity in the 93K area, the decline could continue towards 85K, which would be considered a more pronounced correction.
📈 Bullish Scenario: If buyers enter at the current levels, which will be evident by an increase in volume and a bounce above 95K, growth towards 100K or more could resume.