2023-12-16 08:49:49

BTC Review

❌Liquidations in the market over the last 24 hours, CoinGlass: ~79K traders, totaling ~$162M - 70% long positions and 30% shorts.

Dropped a bit lower, but like I said, a decline to 42-41.5K would be within a squeeze to 43K. BTC is now testing the 8-hour MA50 and the Ishimoku Cloud, which act as important supports.

Nothing critical on the chart, but it is important to see a bounce upwards, back to 43K📈 If that happens, the scenario with a squeeze, breaking 43K and moving towards 45K, will be the most relevant.

👀We'll be watching to see what the dynamics will be over the weekend and where price will press down. But by virtue of the CME closing at 42.4K for the weekend, I expect the new week to open at about the same prices.

BTC0,53%

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