bitcoin's recent action highlights the significance of the $100,000 support level as bulls aim to defend this crucial zone against potential downward pressures.
bitcoin Holds Key Support Amid Macro Uncertainty
Despite volatility, BTC managed to retake levels above $106,000 before facing resistance, sparking optimism for a possible bullish continuation.
Traders are watching the liquidity landscape closely, noting that large-volume traders often trigger rapid price moves by targeting patches of thick order book clusters.
Liquidity Dynamics and market Sentiment
As market analysts observe, recent liquidity grab attempts have led to snap moves higher and lower, emphasizing the importance of $100,000 as a psychological and technical barrier.
