Liquidations: Which zones are crucial for #Bitcoin right now 🔥

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The current market structure shows a massive liquidity wall over Bitcoin, especially between $106K and $107K. The recently formed W-pattern already soaked up some liquidity zones to the moon before the price dumped again.

At the same time, a bunch of new shorts entered the market, especially after the US market open. This has led to more liquidity above the current price than below it.

Market makers might now try to wick the price in one direction to sweep that liquidity. Traders should stay rekt alert, as a possible shakeout to the downside is just as likely as another pump to the next resistance.

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