#BTCUSDT
● Liquidation in the market over the past 24 hours, CoinGlass: ~55K traders, with a total of ~$135 million - around 30% long positions and 70% short positions.
Bitcoin continues to rise steadily, with buyers taking control following parity over the weekend. It's clear that the price is targeting a move towards a key resistance zone of 70-72k 📶
However, several important factors suggest a short-term pullback aimed at a correction:
1. RSI remains in the overbought zone.
2. Trading volume is decreasing as the price rises, indicating some exhaustion in the movement.
At the moment, the bias remains upward, but we should remember that the price could still decline further to fully test the trendline, confirming the medium-term strength of the buyers.
