Bitcoin experienced a sharp fall from 116,000 Dollar to 106,000 Dollar immediately after the results of the ( FOMC) meeting were released, leading to significant liquidations and closing the price gap on the CME exchange in the short time frames.

Now, the level of 106 thousand Dollar has become a key support area, and it seems that large buyers have started to enter.

Funding rates have eased, and open interest has been reset – these are signs that the market has completed the cleanup phase.

If this level continues to hold, we may witness a strong rebound as we enter November, which is historically one of the most bullish months for Bitcoin.

The following liquidity targets are between 117,000 and 121,000 Dollar – and if breached, it may open the door to recording a new historical peak..s