▫️Analysis of current Bitcoin data indicates several key points for price trend analysis:
1. Current Price: Approximately $65,000, with expectations of increasing selling pressure.
2. Trading Volume: High, indicating significant trader activity.
3. Cumulative Volume Delta (CVD): Indicates substantial selling pressure.
4. Technical Indicators: Show strong resistance around $65,000, with negative signals from indicators like MACD and RSI.
5. Bitcoin Liquidation Heatmap: Highlights concentration of liquidations around a strong support level at $63,000.
Outlook:
• General Trend: Continued selling pressure expected, with potential testing of support around $60,000.
• Recommendations for Investors: Monitor the $60,000 support closely and consider protective strategies like stop-loss.
This analysis is based on current data and provides an overview of the market, emphasizing the importance of monitoring technical levels and large flows to determine future directions.
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