$BTC Update & Hyblock Heatmaps After sweeping the highs earlier, Bitcoin failed to hold above the range and slowly bled lower. Price is moving directly into a well-defined liquidity zone, which is where we’re currently seeing some stabilization. From here, two things matter: If price accepts and consolidates in this lower liquidity zone, a bounce becomes more likely. If acceptance fails, there’s room for continuation into the next lower pockets - ultimately sweeping the low sub 60k. Have a great day and see you soon!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gm and happy Wednesday ☕️
$BTC Update & Hyblock Heatmaps
After sweeping the highs earlier, Bitcoin failed to hold above the range and slowly bled lower.
Price is moving directly into a well-defined liquidity zone, which is where we’re currently seeing some stabilization.
From here, two things matter:
If price accepts and consolidates in this lower liquidity zone, a bounce becomes more likely.
If acceptance fails, there’s room for continuation into the next lower pockets - ultimately sweeping the low sub 60k.
Have a great day and see you soon!