Good morning ☀️
Daily review $BTC
❌Liquidations on the market over the last 24 hours, CoinGlass: ~30K traders, totaling ~$84 million - ~50% long positions and ~50% short positions.
There are no important changes in the chart. The price is systematically moving within the ascending channel, which is a pattern of continuation of the downward trend📉
While we are within its borders, it is worth working from them, short-term. In the medium term, of course, you should be prepared for the fact that the most likely scenario is a breakdown of the lower border and a continuation of the fall❗️
But in any case, it is worth understanding that if it is pressed to 60K and the structure of the pattern is violated, this scenario will be canceled and BTC, if it breaks through and #Bitcoin consolidates above 60K, may change the trend in favor of an upward one. There are no prerequisites for this yet, but the risks are worth taking into account.
