#Tracking liquidity is one of the important tools when making trend predictions for Bitcoin.
In this context, when we look at the Liquidation map, 👉It appears that short positions are dominant and concentrated around the 71.5-72K levels. 👉Additionally, although not as intense as the shorts, there is accumulation in long positions up to the 65.7K level. So, if we were to make a comment based solely on this part, ✍️ 🔹A decline to the 65.7K level could test the support on our price chart and simultaneously clear out long positions in the lower region, 🔹and with a rapid rise towards the 71.5K resistance I mentioned on the price chart, they could also clear out the shorts. But relying solely on this data would not be correct; consider it just as a perspective. Keep following.
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#Tracking liquidity is one of the important tools when making trend predictions for Bitcoin.
In this context, when we look at the Liquidation map,
👉It appears that short positions are dominant and concentrated around the 71.5-72K levels.
👉Additionally, although not as intense as the shorts, there is accumulation in long positions up to the 65.7K level.
So, if we were to make a comment based solely on this part,
✍️
🔹A decline to the 65.7K level could test the support on our price chart and simultaneously clear out long positions in the lower region,
🔹and with a rapid rise towards the 71.5K resistance I mentioned on the price chart, they could also clear out the shorts.
But relying solely on this data would not be correct; consider it just as a perspective.
Keep following.