#PREMIUM_SIGNAL
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Bitcoin grinding sideways after rejection at $106.7K.
The price remains range-bound between $105K and $106K, with no clear breakout. Momentum is lacking, and bulls must act fast to avoid another sweep lower.
Full liquidation and trend breakdown below ๐
๐ Bitcoin (BTC/USDT) Liquidation & Price Analysis โ Binance 15m.
Current Price: $105,361
๐ Trend & Market Structure:
๐ Local top formed at $106,775
๐Sell signal confirmed at local high โ stalled rally
๐SuperTrend remains red with lower highs
๐Price compressing between resistance and support shelf
๐ฅ Liquidation Zones:
๐ด Short Liquidation Zones (Resistance Above):
โข $105,800 โ $106,500 โ Rejection zone with heavy asks
โข $107,000+ โ Short squeeze zone if bulls step in
๐ข Long Liquidation Zones (Support Below):
โข $105,000 โ $104,500 โ First defense zone
โข $104,000 โ Stronger base with prior reaction
๐ข Market Sentiment & Summary:
๐ธ Neutral-to-bearish chop within a tight range
๐ธ Price struggling to flip resistance into support
๐ธ No confirmed buy signal โ caution on long entries
๐ธ Holding $105K key to avoid breakdown into lower range
๐ฅ Key Takeaway:
The market is stuck in chop under $106K.
Bulls need to reclaim $105.8K to break out.
Lose $105K and $104K comes back into focus.
๐โ๏ธ #BTC miner revenue is currently at $51M/day, down 37% from its April 2021 peak of $81M. Despite the drop, miners are still earning significantly, with historical highs above $80M showing room for growth in network activity. https://t.co/vk8m5dTQHP