💸 Daily BTC review 💸


🔖 Liquidations (24h):
According to CoinGlass, 81,638 traders were liquidated over the past 24 hours for a total of $186.36 million. This time, the market maker punished the hasty bulls: 62% longs against 38% shorts. Yet another confirmation that attempting to buy the dip during stagnation ends in losing your deposit.
👨‍💻 Market analysis:
Bitcoin continues its tedious stagnation near the round $80,000 mark without any clear structure. Trading volumes are falling rapidly ahead of the weekend. My global scenario remains unchanged: I am expecting a massive short breakout and a deep drop to the $65,000 level. The only question is whether they will give us this dump right from the current levels, or if the big player will first stage a manipulative pump into the $85,000 area for a final liquidity sweep.
⚠️ My expectations:
Right now, the market looks incredibly boring and unpredictable. The weekend is ahead of us, which traditionally is not famous for high volatility. It is highly likely that we will not move anywhere until Monday. I strongly recommend not rushing into any positions. It is better to sit on the fence for a couple of days and simply observe. We protect our capital, do not fall for minor movements, and wait for the big volumes to return!
BTC0.03%
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