Bitcoin Liquidity at $56.6k

The chart indicates the following:

We have a long position (4 hours) at $56.6k, with the 1-hour EMA50 acting as retail resistance. There are several dips within the range we are currently in. The liquidation heatmap shows liquidity in various parts.

Although there is a lot of movement, it does not seem to be affecting the price in a significant way. This could indicate that the market maker is establishing their own positions. The 4-hour high of $56.6k is an imbalance that may be corrected, as well as the daily high of $51.5k.

In the 7-day liquidation heatmap, we observe liquidity at $57k, which is very close to the $56.6k imbalance area. Therefore, we see this area as a target. However, it is possible that the market maker may take advantage of the $61.3 million liquidity first. It would be prudent to monitor any downward movement and target the low liquidity first before filling the gap at $56,600. If the market opens at $56,600 on Monday, it may make sense to open a long position from there. Another scenario involves reaching the liquidity level of $61,300 without targeting low liquidity if the 1-hour EMA50 is broken. In this case, we can aim for $61,300. We have a short-term stock target. By the end of the week, we anticipate a downward movement as the initial upward movement has increased liquidity in the $56.6k area.