#Bitcoin has reached the critical zone again.

With the price falling to $49,000, almost all long liquidations were cleared and we saw a nice reaction rise with the liquidation clearing.

In the current situation, exceeding $59k is very important for the continuation of the rise. We must see a daily close above this resistance for the rise to continue.

If a daily close with volume above $59k occurs, the market will become safer and after such a close, the probability of Bitcoin rising towards the $71-74k range, where short liquidations are intense, will increase.

I had shared that Coinbase has returned to buying. In the current situation, Coinbase purchases are still continuing.

On the Binance side, there is no sign of buying yet.

When BTC was exactly around $50k, I shared in the video we published that we clearly bought at the current price.

These purchases are at most 13% profit. Since the current risks have not completely passed, we are adding a stop to the entry by taking profit in this area.

If the $59k breakout occurs, we put the part we sold back in place with the breakout and wait for the price to reach the $71-74k resistance channel.

If the resistance cannot be broken and a decline occurs, we will still survive the decline without any damage since we took profit and put a stop on the entry.

For now, the $59k breakout will determine whether the rise will continue, so let's follow this resistance closely. I marked all the important levels on the chart, don't forget to examine the chart, friends.

I wish everyone a nice day and lots of earnings.