🚨BTCUSDT URGENT UPDATE 🚨
Liquidations:
Over the last day, about 53,000 traders faced liquidations, totaling around $123 million. This happened because about half of them had long positions (betting on price increases) and the other half had short positions (betting on price decreases).
Resistance Level:
A barrier has formed around $71,500, and the price hasn't been able to break through it yet. This means it's struggling to go higher.
Possible Scenarios:
👉 If the current situation continues, Bitcoin might seek more buyers, possibly dropping back to $68,500 or even lower.
👉 However, if it manages to break through $71,500, it could signal a move towards $74,000-$75,000.
Observation:
I'm keeping an eye on things. Right now, the focus seems to be on upward movement, with expectations of reaching at least $74,000. A reversal might only happen if the price stabilizes completely around $70,000.
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