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Bitcoin

Short pressure from Bitcoin can occur if the BTC price is returned

Main points:

  • Bitcoin works to complete a “successful” re -test with increased betting before closing the weekly candle.

  • BTC prices are expected to fluctuate because liquidity analysis shows that conditions prefer great pressure.

  • $ 100,000 is still a possible goal if fresh prices decline.

Bitcoin (BTC) held $ 10,500 on June 8 a week on June 8 amid hopes that the BTC price correction has ended.

BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView

The risk of Bitcoin liquidation increases with price rolls at $ 105,000

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed its recovery after a trip to $ 100500 on June 5.

After now returned to its open -minded level, Bitcoin inspired the merchants again to bet on the ups and resumes the bull.

“In the daily time frame, Bitcoin offers signs of breaking the two -week downward trend (Blue Light) with converting it to support earlier today” He said X Followers while downloading the graph with key levels.

“Daily closure and re -test ~ 106600 dollars (black) will be better to enable the continuation of the direction.”

BTC/USD scheme for one day. Source: Rekt Capital/X.

BTC Price Action has already achieved a daily closure above its simple 10-day moving average (SMA)-something said his trading colleague Superbro is a prerequisite for “the bear’s condition.”

Meanwhile, Trader Cas ABBE looks forward to a liquidity request for book signs on the price direction.

This was building higher and less than the immediate price, which led to a step -by -style “to seize it”.

“BTC filtering group now indicates a step upside down,” summary On x.

“If BTC pumps 10 % of here, $ 15.11 billion of short pants will be filtered. Meanwhile, a 10 % negative step will lead to $ 9.58 billion in length.”

Bitcoin Exchange of liquidation heat map. Source: cas abe/x.

Abe noted that negative financing rates indicate “large short situations” that appear during the weekend.

“I think BTC Big Move will come next week, and it may pay it over 109 thousand dollars and 110 thousand dollars.”

104,400 dollars now

Some saw the possibility of more support to re -test first.

Related to: Bitcoin is approaching 105 thousand dollars, as Donald Trump requires a reduction in the Federal Reserve price “full point”

Update x followers on his expectations on the market, the famous trader Crypnuevo opinion The logical place to build long BTC parking at $ 100,000.

“100 thousand is the strongest psychological support, as shown on Sunday, it is the area where I build some time with easy nullification below,” referring to its previous goal of putting a sign of $ 100,000.

BTC/USDT 1 Day of the graph. Source: cas abe/x.

Meanwhile, Rekt Capital described the support for support after its highest level in May on the weekly time frames as “successful”.

“Can Bitcoin successfully confirm this test with a weekly closure above 104400 dollars when it will be the fourth week in a row?” Inquire.

BTC/USD 1 week. Source: Rekt Capital/X.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.