On $BTC , we are clearly in an absorption zone around 76k. Sellers are still defending the upper part of the range with large liquidity walls between 78k and 79.5k, while buyers are gradually positioning themselves lower, especially between 76k and 75.5k. Liquidity is being withdrawn above the price and added below, indicating a potential move rather than a direct continuation. As long as the bids hold, the market is more likely to test below 76k rather than break cleanly, and the reaction in this zone will determine whether there is a rebound or continuation. Net loss of the 75.5k zone = invalidation and bearish acceleration.

BTC-2.45%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)