Key points:
-
Bitcoin bounces, as the liquidation guardrail appears above and below the price, so you can watch the key level of $116,000.
-
Expected BTC price support holding expectations of over $110,000 if the bear can control it.
-
Next, ETF streams should have some understanding of market sentiment, Analyse said.
Bitcoin (BTC) After Wall Street opened on Monday, the Bulls targeted selling liquidity, approaching $116,000.
BTC price gazing at the main liquidity wall
From Cointelegraph Markets Pro and TradingView Show BTC/USD $115,732 on BitStamp.
The weekend rebounds continued as the Tradfi market reopened, and Traders hoped to rise further as BTC prices rose.
“After fully filling the daily CME gap, Bitcoin will now try to exit this gap to restore the recent level mentioned above,” Rekt Capital Tell X followersrefers to the gap in the Bitcoin futures market in CME Group – classic price magnet.
“It all started with a ~$116K recycling, which is the top of the recently filled daily CME gap.”
Exchange order book liquidity data Small shop The display price is fixed under the Asks wall centered at $115,800.
“$115,850 above $BTC will confirm that the $112K area may be the bottom,” the popular Trader Bigmike7335 debate Key short-term Fibonacci levels are shown in part of X’s post as well as in part of the chart.
Bidding has been lowered from $113,800 to $112,000, with more than $110,000 near the old highs in history.
“Possible situation: If the downside is swept first – expect the bounce to approach $110.5k,” Trader Password X Summarize one day.
Spotlight of Bitcoin ETF streams, using flushing
Trading company QCP Capital is very optimistic when discussing whether Bitcoin is “a time to buy dipping sauce”.
Related: Is BTC repeat road $75K? 5 Things You Know About Bitcoin This Week
It read in its latest announcement from Telegram channel subscribers: “BTC’s July monthly closure marks its highest history in its history, and the recent reduction seems to be more corrective.”
“Historically, this later shaking, especially those leverage that flushed too much, has laid the foundation for re-accumulation.
coinglass confirmed Open interest On Bitcoin, futures hit their lowest levels since July 10.
QCP suggests Netflows on Monday in U.S. spot Bitcoin exchange-traded funds (ETFs) could provide a “indication” of market appetite.
As Auxiliary instrument reportsold on August 1 for -812 million US dollars, marking the The second largest Daily outflow records.
“We remain cautiously optimistic. Spot levels are close to $112K guaranteed vigilance, especially in the ongoing macro uncertainty,” it said.
“But signs of stability, such as re-spotted ETF inflows, suggestive volumes and narrowing of skews, will be constructive signals that institutional sentiment is recovering.”
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
