Good morning friends️
#Bitcoinmanaged to hold on to the $58,000 support once again.
This level is an important S/R flip support that has worked as support/resistance many times. Therefore, it is very important to protect this level.
It was good that the day's close yesterday was above the support.
Since the price is moving sideways, liquidations continue to accumulate.
Long liquidations are intense in the $55-53k and $49-46k range.
Short liquidations seem intense in the $65-67k range.
If the daily close occurs below $58k, there may be a possibility that the price will first fall to the $55-53k range and then to the $49-46k range, so protecting the $58k support is very important.
This possibility can be followed if the $58k support is lost, but as long as $58k is maintained, the price seems more likely to move towards short liquidations in the $65-67k range.
We will also share a detailed Bitcoin analysis on our YouTube channel today and we will discuss all the data in detail in the video, friends.
I wish everyone a nice day and lots of earnings.
