2024-11-13 08:24:16

📈📉 #BTC, crypto market. Brief update

❌Market liquidations over the past day, CoinGlass: ~273K traders, totaling ~$900 million — ~70% long positions and ~30% short positions.

Thus, the long position liquidation began after a significant rise. Apparently, many were counting on a fairly rapid movement towards 100K, but the price decided to stop around 90K.

🤔 At the moment, there are 2 rebounds from 90K, a level that is now a short-term resistance and from which we can now see some relief from overbought conditions. This may take the form of a brief compression within the sideways range. Or it could be a more serious correction.

We are observing, I can now highlight only 2 main support levels: these are 85K and 80K. If the first one does not hold the decline, then we will continue the upward movement with a more serious correction from the second one 📈

BTC-0,52%

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