#ShortBitcoin #long #BTCHALVING Today we see Bitcoin falling by 6.5%, following the dynamics we discussed above. This drop does not surprise us as Bitcoin was showing weakness and lack of strength. In short, the price was not confirming a solid recovery after a potential shock, and today we see that weakness reflected in the price drop.

Recall that we discussed two operational structures earlier. First, we highlighted a potential shakeout in the higher fractality structure, but price did not confirm strength by failing to reach resistance at $70,600. Then, we saw the price develop another structure without showing strength, stopping again in the middle zone. If the price lost this support, it would show clear weakness and we could expect continued bearish moves, like the ones we are seeing today.

Regarding operating levels for possible purchases during this bearish movement, we consider three important zones: $61,950, $56,960 and $51,770. Losing this last level would be even more dangerous and could lead to a deeper correction towards $42,865. It is crucial to make decisions during a bullrun, looking for purchases on price pullbacks.

Now, in terms of technical tools, we observe a very aggressive downtrend level, with important liquidity areas near the price. We highlight liquidity levels at $62,150, $60,590 and $61,850, with purchasing interest at $62,315. We also see buy orders defending the price at $62,000. In the short term, there is liquidity on the part of both long and short at various levels, indicating a fight for control of the market.

In summary, we are attentive to the evolution of the price and the signals that the market gives us to make operational decisions. Remember to consult the technical tools to obtain a complete view of the situation. Let's stay tuned for Bitcoin's next movements! $BTC $