Technical analysis by Anikeev_Pavel about Symbol BTC on 6/8/2024

❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~$416M — ~85% long positions and ~15% short positions. Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over. ❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located. 📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.