[Update wave $BTC BTC on 11/27/2024]

Currently, the liquid at 90k has been almost completely swept away, with only a small amount remaining at 90-90k7.

Although Altcoin fomo has cooled down, most of them have been liquidated or abandoned their orders. But BTC and ETH are still being fomo Long, making me worried about a deeper sweep at 88k

Currently, MM will have 2 options to continue moving as follows:

1. Will continue to squeeze and move slowly to squeeze the dom from here to 88k. If this option happens, the next sweep will be gentler.

After touching 88k, it will slowly move to 99k

2. BTC will continue to move towards 99k. After that, there will be stronger corrections. (I'm more inclined towards this option, however, the funding rate of BTC and $ETH are not very supportive)

On the total side, the new uptrend line has just been retested for the first time after the increase without adjustment.

P/S: Current data has more about the distribution area of ​​BTC, however, Dom needs to break more strongly to fully confirm.

In the past 24 hours, 169,265 traders have been liquidated, the total liquidation amount is 465.47 million USD

The largest liquidation order occurred on Binance - ETHUSDT worth 11.85 million USD

=>>> Long chasing large vol, stuffing orders quite a lot, causing ETH to be continuously suppressed. #tradecoinhtx #tradelvietnam #MarketDownturn #UpdateBTC