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Daily BTC Review
❌Liquidations in the market over the past 24 hours, CoinGlass: ~81K traders, totaling ~$184 million - 70% long positions and 30% shorts.
Despite being overbought on almost all senior timeframes, bitcoin is in no hurry to move down both to unload indicators and for corrective movement. All previously mentioned support and resistance levels are relevant, I will work with them. While watching!
❗️ Despite the fact that bitcoin is moving in a local sidewall along 44K, it is worth watching its dominance. If the price continues to stand still and the dominance starts to fall - it will have a positive effect on altcoins.
2023 has been a profitable year for bitcoin - the vast majority of bitcoin investors are now back in the plus side, and some indicators are moving into global uptrend territory. We'll see how the yearly candle closes, but it's already unequivocally good!