Bitcoin Longs Liquidated Again Today, What to Expect Next?

Yello, Paradisers! Let's get into what's cooking in the Bitcoin world.

💎In the short-term view, Bitcoin is going through a turbulent phase. A significant number of long positions have been liquidated in the last 24 hours.

💎But This period of accumulation is crucial for Bitcoin's future growth. Why? Because when you see longs getting wiped out, it often signals an incoming wave of purchases from the big whales.

💎Zooming into the 2-hour time frame, the ATR resistance is currently under the spotlight. A successful breach above this level might pave the way for Bitcoin's next upward journey, potentially debunking the 'dead cat bounce' theory.

💎Keep your eyes on this ATR resistance level in the 2-hour chart. As we are always on the whale watch, we're monitoring this level closely.

Stay tuned for more updates, and may your trades be ever in your favor!