Daily BTC Update
đ´ Market liquidations in 24h, CoinGlass: ~81,057 traders liquidated in the last 24 hours, with total liquidations of $179.02M. ~60% long and ~40% short.
We saw a local bounce towards the $68,000 area and formed a double bottom locally. Basically, we are still trading in a range, and until Monday, it is likely that the price action will remain within the $66,000 - $70,000 zone that we identified yesterday. At this moment, there are no real catalysts for a breakout.
On a macro level, the structure leans towards a downward movement, with the target of $60,000 to establish a local bottom in that area. I recommend taking a breather and waiting for Monday's opening.
It is worth highlighting the rapid recovery in our indicators and metrics; we are no longer in oversold territory.
