š±Daily BTC Overview
š“ Market Liquidations in the Last 24 Hours, CoinGlass:
Approximately 75K traders were liquidated, totaling around $215 million ā about 80% long positions and 20% short positions.
š£The workweek did not close in the best way, as BTC failed to confirm the movement within the bullish flag ā there was no rebound.
However, BTC is now thoroughly testing the 61.8% Fibonacci correction level. If we see a rebound from this level, preferably with increased volume, it will indicate the levels are holdingš. The next target would be the zero level around 72K, followed by the 74-75K zone.
š“This is only if there is a rebound. If BTC cannot climb back above 67K, a consolidation below this level will likely result in a continued drop to the lower boundary of the range, around 60K. Unfortunately, this would happen without gathering liquidity above 72K this time.