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*$BTC
After hitting a high of 72,000, we now see that long positions with low leverage are quietly accumulating below the price.
If we lose 70,000 again, there is a high chance that we will drop into the CME gap and liquidate those positions through closures.
So far, the price movement remains confined within a range until a clear breakout confirms the trend.
#GateLaunchesPreIPOS #CryptoMarketsDipSlightly #GateSquareAprilPostingChallenge
After sweeping the 72K highs, we’re now seeing low-leverage longs quietly stacking below price.
If we lose 70K again, there’s a high chance we drop into the CME gap and flush those positions through liquidations.
For now, price action remains range-bound until a clear breakout confirms direction.
#GateLaunchesPreIPOS #CryptoMarketsDipSlightly #GateSquareAprilPostingChallenge