Bitcoin Liquidation Map Highlights Key Support Levels
- Liquidation Wall and Pocket: Coinglass' Bitcoin liquidation map reveals a $1.143 billion long liquidation wall below $65,000 and a $754 million short pocket above $68,000, indicating a potential $1.9 billion forced-flow event from minor price movements.
- Long Risk Intensification: Should Bitcoin fall below $65,000, the cumulative long liquidation intensity across major centralized exchanges could spike to approximately $1.143 billion, suggesting that breaching this level may trigger a significant wave of forced selling, impacting market stability.
- Short Pressure Point: At $68,000, Coinglass data indicates a short liquidation intensity nearing $754 million, implying that a breakout above this level could force short positions to cover, potentially driving prices higher and creating short-term price spikes.
- Importance of Risk Management: In the current thin order book environment, the $65,000 to $68,000 corridor is deemed structurally dangerous, where a drop could lead to long liquidations while a breakout could trigger short squeezes, underscoring the necessity for robust risk management around these thresholds.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 57369.233 | 61184.617 | 64395.323 | 68210.707 | 71421.413 | 75236.797 | 78447.503 |
| Fibonacci | 61184.617 | 63868.583 | 65526.74 | 68210.707 | 70894.673 | 72552.83 | 75236.797 |
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