💸 Daily BTC review 💸


🔖 Liquidations (24h):
According to CoinGlass, 111,991 traders were liquidated over the past 24 hours for a total of $275.88 million. This time, the market maker severely punished the bears: 69% shorts against 31% longs. The crowd tried to short the local rise and naturally paid the price with their deposits.
👨‍💻 Market analysis:
The situation with Bitcoin remains complex and confusing. By all appearances, we are following the least likely scenario, exhausting the traders. Since all of this is happening on relatively low trading volumes, I am not expecting any serious, uninterrupted upward movement here. The most we might see in the near future is another manipulative spike into the upper boundary of the channel in the $78,000 - $78,500 area for a final sweep of liquidity.
⚠️ My expectations:
The global scenario with a deep correction remains my priority! We will simply get it a bit later, after another local wave of growth. Always bear in mind the manipulative component: it is perfect for the big player right now to provide some visual growth, drive the entire crowd into longs on euphoria, and then trigger a bloody downward squeeze to shake off all the late passengers. Keep a cool head, protect your capital, and do not give in to FOMO!
BTC-1.47%
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