With a break below the $113,726–$113,893 range, over $400 million in long positions could be liquidated.
Additionally, a break of $111,548 could trigger another $252 million in liquidations.
You can consider taking positions around these levels, but keep in mind — volatility is likely to spike sharply once these liquidity zones are tested.
While Bitcoin did manage to bounce from $111,879 with increasing volume, I personally don’t like the structure of the recent candles. For now, I’m staying on the sidelines, avoiding both long and short entries until the market shows clearer direction.
Sometimes, patience is also a position.
Additionally, a break of $111,548 could trigger another $252 million in liquidations.
You can consider taking positions around these levels, but keep in mind — volatility is likely to spike sharply once these liquidity zones are tested.
While Bitcoin did manage to bounce from $111,879 with increasing volume, I personally don’t like the structure of the recent candles. For now, I’m staying on the sidelines, avoiding both long and short entries until the market shows clearer direction.
Sometimes, patience is also a position.
Trade active
If it makes a fake move down and then goes up, I’ll open a long position when it breaks 113,540
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.