BTC Midday Analysis
After the first drop, it rebounded 12% over 10 days.
After the second drop, it rebounded 10% over a week.
After the third drop, it has rebounded 16% so far, taking 12 days.
At this stage, it is still hovering around the previous consolidation range near 93,000. The main resistance zone is near 96,000. The current move is a rate cut rebound, and while the rebound is significant and there are opportunities, caution is advised when chasing highs.
According to the liquidation map, there is a liquidation demand near 96,000 above, and a demand to retest 90,000 and 88,00
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