$BTC I wouldn't despair here. The best part of the bull market has always happened AFTER the halving. #BTC is also sitting above the bull market line. This line has NEVER been broken in previous bull cycle.
When prices drop significantly, monitoring liquidations is crucial.
Prices often fall to levels where liquidations are concentrated, causing most positions to be liquidated before they rise again.
Current #Bitcoin Liquidations:
🔹 Long liquidations are concentrated around $62,500 and $55,000.
🔸 Short liquidations are concentrated around $71,000 and $72,000.
We consider long liquidations as support and short liquidations as resistance levels.
