BTC Daily Market Analysis



Past 24 hours market liquidation data from CoinGlass: approximately 99,912 traders were liquidated, with a total liquidation amount of about $369.81 million.
Among them, long liquidations account for about 19%, and short liquidations account for about 81%.

Currently, the bulls are making every effort to break through the upper band of the ascending channel,
We have already tested the $80,000 region, and I don't think it will stop there.

The overall trend has begun to form an upward structure,
Therefore, we can expect to see a range between $82,000 and $84,000 next.

Of course, there is also a possibility of a pullback from the current position,
But the probability of a pullback is much lower than the probability of continuing to rise.

BTC Contract Trading Setup:
Buy: $78,088 - $77,500 in batches for long positions
Stop loss: below $77,000
Take profit: $81,888 - $82,888 - $83,888 in batches
Investing involves risks, profits and losses are your own responsibility!
BTC2.29%
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