Bitcoin Update $BTC: Between News Pressure and Critical Liquidity Levels 📉
Despite indicators that supported a technical rebound, the negative news pressure was stronger, driving the price to begin a clear downward wave. Here’s the price roadmap for the upcoming phase:
1️⃣ Negative Scenario (Current Path):
Eyes on the VAL level: the strongest support currently lies at $62,800.
The real danger: closing a daily candle below this level paves the way for breaking below $60,000.
Liquidation Areas: liquidity is currently concentrated around $62,400, which is a strong attraction area for the price in the coming hours.
2️⃣ Positive Scenario (Cancellation Condition):
To say that the downward scenario has failed, we need to see a clear daily close above the POC level at $68,000.
💡 Tip for Traders:
The current phase requires high discipline and close monitoring of daily closes before making major decisions.
Share your opinion in the comments:
Do you expect the $62,000 levels to hold off the drop, or will we see a visit below $60,000? 👇