Hello, I will talk to you about the price of bitcoin after re-entering the operating structure, highlighting bullish and bearish movements, as well as key resistance and support zones.

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"Large investors resist the fall of Bitcoin with determination..."

Analysis of the Operational Structure ?

• I will analyze the operational structure of Bitcoin and observe possible signs of weakness and strength in the market.

• Bitcoin shows a new operating structure after re-entering it.

• An area is identified with support at 63380 and resistance at 6455, where weakness is observed during development.

• After rejecting the maximum zone, Bitcoin consolidates a sign of weakness by reaching support.

• Despite a previous bullish dynamic, purchases gradually defend the price in the face of downward pressure.

• Buyers try to keep the price above 62,200, seeking liquidity at 62950 as a sign of strength.

Evaluation of the Current Context?

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• Here the current market context is evaluated and possible future scenarios are discussed based on observed strengths and weaknesses.

• To consider safe purchases, it is necessary for Bitcoin to break resistance and consolidate said break.

• Several major resistances stand out ahead that could limit bullish moves.

• Consolidation is expected after a possible re-entry into the operating structure, although recent signs of weakness complicate the outlook.

Liquidity Analysis and Price Behavior ?

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• The liquidity present at different operating levels and how it affects price behavior is examined in detail here.

• Liquidity has recently been manipulated to clear specific areas, which could influence future movements.

• Absorption by buyers at key levels will determine whether sales can be countered effectively.

• Different levels of liquidity (10x, 25x, 50x) show different patterns that directly impact trading decisions.

Recent Trends and Market Movements ?

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• This part reviews current market trends along with recent movements that could indicate possible changes or continuations.

• Recent sales around 64,000 suggest bearish pressure; However, purchases defend lower prices as a short-term strategy.

Short-Term Liquidity Analysis ?

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• Liquidity is discussed in short-term maps, highlighting specific levels where greater liquidity is observed both in shorts and high leverage zones.
  Liquidity in Short-Term Maps

• Coinbase shows a slightly more aggressive attitude in the short-term maps.

• Greater liquidity is identified around 63960 and up to 64475.

• Significant liquidity levels are near 6548.

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In conclusion.

The "whales" in the Bitcoin market, that is, the appearance of large investors with the potential to establish the value of cryptocurrencies, this can mean a significant impact on its development; When these whale-like investors show an interest in keeping the value of Bitcoin stable or avoiding sharp declines, they can be activated to provide balance and avoid sharp bearish movements; This action in whales is being interpreted as a sign of confidence in Bitcoin's long-term potential and its ability to remain a solid store of value in the cryptocurrency market.

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Weekly Count Publication #4 Sunday, May 5, 2024 / time 02:13 am.