On the 4-hour timeframe, liquidity is resting on both the buy side and the sell side. This means the market is currently in the middle range, with no clear dominance from either side.
Price is trading very close to a key trendline around the $67,000 level.
If the market respects the $67K trendline and holds above it, we could see an upside move toward the $72,000 area, targeting buy-side liquidity.
If price fails to respect the trendline and breaks down, a major dump could follow, pushing the market toward sell-side liquidity around the $60,000 zone.
The market is at a decision point. The reaction at this trendline will likely define the next major move.
You can increase Margin ( the amount you used to trade ) if your using a cross Margin or Decrease Leverage ( if you used 10x reduce it to 5x ) this moves the liquidation price away from the market price.
- Set : Stop-Loss
Setting a stop-loss price is an effective way to avoid forced liquidation, helping limit losses and prevent orders from being liquidated.
His (@CZ ) old tweet was almost accurate about dumping from $101,000 to $85,000 Time taken 4 years 2 months. Does it mean we can see $10,00,000 per BTC in 4 years ? (@CZ )