$BTC : Two encouraging signals for bears, but unfavorable for buyers.
Context: The pain for bulls is still mild, indicating that there is room for a further fall.
We wish the buyers luck, as they will need it.
1. According to Bitcoin's Puell Multiple indicator, there is still room to go down đ.
2. In the order book, a notable amount of liquidity is observed at $47,500 đ°.
The strongest supports on daily charts will be consolidated when market makers capture liquidity at $47,500 and the aforementioned indicator reaches its low.
At that point, we will be three steps away from $40,000.
