🔊 JUST IN:

Bitcoin Liquidation Heat Map update:

• If Bitcoin grabs the support of liquidity of $86,640 and breaks this area then there's a high chance that btc will grab more liquidity on the lower side.

• Mainly focuses on two areas one is ~$86000 and the other one is around ~$85,500 to book the profit.

• Open a short position after confirmation.

• But today initial jobless claims data come at 7:00 PM so the market can be manipulated so open trade after confirmation.

📉 Bitcoin Liquidation Heat Map Analysis (Short Setup)
Key Support/Liquidity Zone: The analysis identifies $86,640 as a critical support level where liquidity (likely long positions that could be liquidated) is clustered.

Bearish Trigger: If $86,640 breaks, the price is expected to "grab more liquidity on the lower side," confirming a potential downside move.

Profit Targets (TP): The strategy focuses on two lower liquidity areas for taking profits on a short position:

~$86,000

~$85,500

Entry Strategy: Wait for confirmation of the breakdown before opening a short position.

Note: In the US, this data is typically released at 8:30 AM Eastern Time (ET) on a Thursday, which is 7:00 PM IST on a Thursday. Since today is Wednesday, this suggests the data is either delayed or the analysis is anticipating tomorrow's release or referring to a non-US-standard time for the release.

The analysis strongly advises: "open trade after confirmation" to avoid getting caught in the volatility surrounding the news release.

#Btc
#Liquidation