#PREMIUM_SIGNAL
Keep watching $PENGU πππ₯
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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 π
π Bitcoin (BTC/USDT) Liquidation & Price Analysis β Binance 15m.
Current Price: $105,361
π Trend & Market Structure:
π Local top formed at $106,775
πSell signal confirmed at local high β stalled rally
πSuperTrend remains red with lower highs
πPrice compressing between resistance and support shelf
π₯ Liquidation Zones:
π΄ Short Liquidation Zones (Resistance Above):
β’ $105,800 β $106,500 β Rejection zone with heavy asks
β’ $107,000+ β Short squeeze zone if bulls step in
π’ Long Liquidation Zones (Support Below):
β’ $105,000 β $104,500 β First defense zone
β’ $104,000 β Stronger base with prior reaction
π’ Market Sentiment & Summary:
πΈ Neutral-to-bearish chop within a tight range
πΈ Price struggling to flip resistance into support
πΈ No confirmed buy signal β caution on long entries
πΈ Holding $105K key to avoid breakdown into lower range
π₯ 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.
πβοΈ #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