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Beware of Correction $BTC : Liquidity $68k Soon to be Picked Up? 📉
Bitcoin ($BTC ) is currently held at a critical resistance of $71,200. Technically, the RSI indicator on the 4-hour timeframe shows a sharp bearish divergence, indicating weakening buying momentum.
Why will it drop to $69k-$68k?
Macro Data: Anticipating the release of US inflation data (CPI) this evening, triggering a risk-off action. Investors tend to secure profits into stablecoins.
Liquidity Hunt: The liquidation heatmap data shows a buildup of large long positions around $68,500. Market makers often perform a "flush" to th