Uh oh, $BTC is caught in a rip tide!
We're drifting closer to the shadowy depths of low liquidity, rather than the sunshine and smooth sailing of higher prices. But there's a glimmer of hope on the horizon - funding and open interest are still afloat. â
The tricky part is predicting where this current will take us. External events like long-awaited ETFs and even global conflicts could stir the waters even more.
Buckle up, because we're watching some critical levels:
$60,800: This could be the floor of the current trading range.
$57,500: This is a critical zone with lots of liquidity (cash sitting on the sidelines).
If we can snag that $58,000 mark, it might signal a bullish reversal. But if we plunge beneath $57,500, things could get stormy.
Hit that like button if this helps navigate the Bitcoin seas!
