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We've accumulated a lot of liquidity in BTC.
Currently, there's quite a bit of liquidity both above and below.
Long-term positions are in the $92,000-$98,000 range, while below that, the $65,000-$70,000 range. While Bitcoin is stuck in one place, liquidity continues to accumulate in these ranges.
Essentially, we could see both longs and shorts being wiped out, so we have an equal chance of breaking out in one direction or another.
We'll definitely accumulate liquidity in both areas, but which one will be the first remains to be seen. Globally, we're still in a bear market, so we could easily fall from the current levels. For now, it's best to be cautious when trading and, most importantly, not overestimate your risks.
#btc #usdt #usdc #xrp #Oil $GT $ETH $SOL
💵 BTC Dominance -60.3%
💵 ETH is trading around $2,188.12
⚠️ The Fear and Greed Index is at 43 points and remains at the "Neutral" level.
⚠️ The Alt Season Index is at 37/100