Good morning ☀️
Daily review #BTC
❌$BTC liquidations on the market over the last 24 hours, CoinGlass: ~42K traders, totaling ~$33 million - ~70% long positions and ~30% short positions.
If we look at the weekly timeframe, we can see the formation of a reverse bullish divergence on the chart, where the price lows are rising and the RSI is falling. This is a fairly strong upward signal📈
❗️But, in any case, confirmation is needed. In this case, this is a full-fledged rebound and breaking through 72K. Let me remind you that we are looking at the chart in the medium term.
👀That’s why we’re watching. This week, and with it the month, will end today. On the next one, I would like to see a full-fledged rebound and the beginning of growth to at least 72K.