$BTC

💸Daily BTC Analysis

❌ Liquidations in the market in the last 24 hours (according to CoinGlass): approximately 95 thousand traders liquidated, with a total close to $280 million, of which ~45% were long positions and ~55% short positions.

In addition to a full correction, the price of BTC could move in a sideways range between 100K and 90K, with possible false breakouts above or below these levels to collect liquidity and provoke manipulations. 🤔

This type of sideways movement for some time could also be considered a form of unloading or correction. And if BTC dominance decreases, the market as a whole could benefit. BTC sideways movement + decrease in its dominance = momentum for altcoins. 📈

✅ The volumes during the recent increase remain low, making it difficult to confirm a true breakout above 100K with a bullish continuation. This suggests more the formation of a double top or a prolonged sideways movement.

Source @Francisco_bitcoin