Glassnode: BTC Long Liquidations Cluster Below Support

Glassnode noted bitcoin sits on support yet a large cluster of long liquidations sits directly underneath with another around $75k while short liquidations have piled up above $85k all week and the lower clusters look more fragile.

Price trades at $81017.86 inside the Bollinger band with upper resistance at $84719.05 and lower support at $80745.07 while the EMA50 at $83030.36 and EMA200 at $82250.9 define the bearish structure and MACD at -508.96 confirms the death cross; with price testing upper Bollinger resistance while RSI at 36.38 stays neutral a move toward the 50-EMA support at $83030.36 appears probable before any continuation attempt.