$BTC
🪙 #BTC
❗️ The chart paints not the most favorable picture. Bitcoin has broken below the 12-hour Ichimoku Cloud and has established itself there. In fact, further declines are currently only being held by the supports on the daily chart.
❗️The nearest potential downside level is the mark at 40.5K – this is a key support zone. From here, we may see another bounce upwards, but if we break below 40K, we will continue to fall within the framework of a medium-to-long-term correction.
⭐️ I am not bearish yet: we have the daily Ichimoku Cloud and the aforementioned support zone. Additionally, it's worth considering the fact that according to the weekly liquidation chart, the majority is expecting a decline and has opened (or is ready to open) a large number of short positions from 45K to 50K. This may indicate the gathering of liquidity above these levels, and only after that, a full-fledged correctional decline will begin.
