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#Bitcoin
Friends, #BTC is trying to stay above the 71.5K support.
📍As long as it remains above this support, the first target is 79K.
📍If it falls below this support, then levels around 68.4K will come into focus.
So, how can we predict which direction the price will go?
One way is to monitor liquidity.
Recently, we have seen the price almost move by clearing liquidity.
Looking at the liquidation map, we see that short positions are clearly dominant.
📌There is intense short liquidity above the current price up to the 76K level.
📌Long positions are accumulated up to the 69.5K level, but the amount is significantly lower compared to shorts.
👉This picture suggests that an upward movement is more likely.
But remember,
This data alone does not trigger trades.
Just keep it in mind as a reference.
Stay tuned.