1️⃣ Graphic 4H:
#BTC price is trading inside a descending channel, and at the moment the price is trying to fix near the support level of $54,368.00. It is important to note that the EMA levels (20, 50, 100, 200) act as resistance, and#BTCremains below them. Trading volumes are below average, which may indicate uncertainty among market participants. The next important support levels are around $53,923 and $53,395.
2️⃣ Map of liquidations:
The liquidation map shows that liquidity above the current price level is around $57,000 and $60,000. However, below $54,000, there is significantly less liquidity, which could make it difficult to move further down. This confirms the likelihood that the price could test the $57,000 levels in the near term before continuing lower.
3️⃣ Weekly Market Sentiment and Fear and Greed Index:
The weekly sentiment for#BTCremains quite bullish, with 82.97% forecasting growth despite the current corrective movements. The Fear and Greed Index is at 83.22, indicating a state of greed in the market, which could also serve as an indicator of a possible correction in the near future, as the market is overheated.
Conclusions:
🔻 The current situation on #BTC🔥🔥🔥🔥 shows local uncertainty with the prospect of a short-term rise to $57,000. However, the presence of greed in the market and the prevalence of bearish signals in liquidation volumes indicate that the main trend remains bearish.
🔥 Caution is advised, especially when attempting to open long positions before a recovery above $57,000 is confirmed.
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