📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
$BTC Technical Analysis
In today's article we will discuss $BTC Technical Analysis, Liquidation Levels and then we will finalize our decision of buy or sell. Let's start analyzing #BTC☀️ chart:-
Liquidation Levels:-
If we look at liquidations levels, it is clearly showing that most liquidations are present in a downward direction. So, most probability #Bitcoin❗ moves in downward direction to liquidate longs. Most of 50X and 100X leverage traders' wallets will be liquidated if BTC hits the $96,400 area. In short words BTC can move in the downward side to liquidate longs.
1H TF BTC Chart:-
If we look at the BTC 1H TF chart then it is clearly showing weakness. Here are key points that are indicating weakness and hinting downward move:-
🔸Buying Climax with next bearish bar and ultra high volume showing selling pressure. (emended in two horizontal green line).
🔸In ellipse 4 candles marked indicating weakness with avg. volume. Mean buyers are not interested much more to move the market upward.
🔸Hidden upthrust marked with green arrow showing liquidity sweep (Shorters S.L grabbed) it also confirms BTC downside move.
All these things are showing that #bitcoin is looking weak and can drop. If we apply FIB tool then it is showing BTC can bounce a little bit from the $96,000 area.
Final Decision:-
After combining all these things we reached a point that BTC will move in the downward side so avoid buying and wait for correction. Once it hits the $96K area we will analyze charts again and will check whether we should buy or wait for more dip like $91K. That is the point where I will in all.