💸 Daily BTC review 💸

🔖 Liquidations (24h):
According to CoinGlass, 109,181 traders were liquidated over the past 24 hours for a substantial amount of $457.31 million. The bears got severely punished again: 70% shorts against 30% longs. The crowd stubbornly continues trying to short the local rise, giving their stops to the market maker as fuel for further upward movement.
👨‍💻 Market analysis:
Bitcoin continues to stretch towards the upper boundary of the channel. However, it is important to understand the main thing: all these local upward movements absolutely do not change our global bearish scenario for the asset. Right now, all focus is on the $78,500 mark. We are carefully observing whether there will be an aggressive reaction from a large seller there. If no resistance follows, we could easily see a manipulative spike right up to $80,000, but this will inevitably be followed by a harsh and logical pullback.
⚠️ My expectations:
The market is currently maximally overheated and prone to dirty manipulations. It costs the big player nothing to provide one more growth impulse to drive the whole crowd into longs on euphoria, and then instantly crash the price down, shaking off all the hasty passengers. I still firmly stick to the scenario with a deep correction. The current attempts at growth are merely a temporary phenomenon before the real dive. Keep a cool head, protect your deposit, and do not jump into trades at the highs!