BTCUSDT 12h
In the last 24 hours, the market has seen liquidations affecting approximately 59,000 traders, totaling around $198 million—about 75% from long positions and 25% from short positions, according to CoinGlass.
All major moving averages on the 12-hour chart have been breached, now functioning as resistance levels. Although there was an attempt to drop below the support zone yesterday, there hasn't been a clear consolidation beneath it yet 📉.
Unless buyers become active and manage a full recovery to 62K and above, we may witness a gradual decline below 60K, potentially leading to a new wave of selling.
👀 At this point, given the clearly defined downward trend on the chart with lower highs and lows, I anticipate that BTC will continue its downward movement.
#moonbix #10MTradersLeague #BTC60KResistance #USPPIAboveExpectations #FanTokensRising $BTC