2024-09-05 17:46:55

#BTC Midnight thinking ahead:

Although BTC has dropped to around 55800 again in the past 24 hours, a decrease of nearly 2700 points, long positions are in a stalemate, which also indicates that market makers have not yet reaped satisfactory chips. Without considering other factors, I would like to speculate on where market makers might push up.
Based on the 24-hour trend, the next longs liquidation high for BTC is between 57000 and 56500. This means that dropping 1500 points (about 1.9%) from the current level of 57250, the market maker will gain about $200 million in Liquidity, but below 56000, longs' Liquidity will drop significantly.
The liquidation point of shorts is concentrated around 59000 to 59800. If the price rises to this range, market makers can obtain nearly $450 million worth of short positions. Therefore, BTC may fall to the range of 55500-56500 first, then pump again to 59500 or even 61000-62500. In addition, 55500 is also the 0.618 support line of the last market after the big dump from 49000.
Therefore, the 55600-56000 range can be used for longsMargin Replenishment or
Reference point for get on board.#BTC #ETH

BTC0,12%

ETH0,16%

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