๐๐๐๐๐๐ ๐๐ซ๐ข๐๐ ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ: ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐ฌ ๐ญ๐จ ๐๐๐ญ๐๐ก๐ฅ๐ฅ
Bitcoin recently experienced a significant dip, breaking a critical support level at $90,000 before rebounding sharply from $89,200. The recovery saw $BTC surpass $95,000, signaling strong buying interest at lower levels. Now, traders must monitor critical support and resistance zones closely to navigate the market's next move effectively.
๐๐Key Support Levels:
If Bitcoin maintains a daily close above $93,000, it could pave the way for further upward momentum. However, if it fails to hold this level and resumes its downtrend, the next likely target is a drop to the $87,000โ$85,000 range. These zones represent critical areas of interest where price action could find strong buying or selling pressure.
๐ซ๐ซ๐ซLiquidation Triggers:
For significant short position liquidations, BTC would need to break above $108,000. Conversely, a drop to $85,000 could trigger substantial liquidation for long position holders, given the heavy accumulation of positions in this zone. Traders are advised to track these levels carefully, as they may dictate the market's direction in the short term.
๐ฅ๐ฅ๐ฅUpcoming Catalysts:
Additionally, the release of the Consumer Price Index (CPI) report on January 15, 2025, could introduce volatility to the market. Traders should combine technical analysis with macroeconomic insights to make informed decisions. Monitoring daily candle closures and critical levels will be vital in identifying the next major price movement.
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