BTC is still testing 65k here. If we keep holding the 64k into the weekend and the 63.5k-62.5k POI gets frontrun, I'm happy to scale into longs.There's a heavy sell wall around 65.3k-65.6k, with more than 1,500 BTC stacked on Binance perps.
Binance and Bybit perps absorbed roughly $600M in aggressive buying over the past 24 hours, while Coinbase saw -$36.7M in net selling, suggesting spot demand is relatively weak.
The largest buy walls are concentrated around 64.5k-64.2k and short liquidations have already reached $18.3M, so the squeeze fuel has likely been exhausted. So, a retest of 64.5k-64.2k is likely before any sustained move higher.
Have a great weekend!
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Advanced Crypto Trading Terminal
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
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linktr.ee/mooncakexbt
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
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linktr.ee/tealstreet.io
Content in partnership with:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.