Key Points:
Before Federal Reserve Chairman Jerome Powell's speech on Friday, Bitcoin volatility is expected to persist.
Analysts indicate that Bitcoin dropping below $112,000 provides traders with an "excellent entry" opportunity.
If key support levels are broken, the BTC price could fall to $110,000.
Since August 14, Bitcoin (BTC) has been on a downward trend along with the broader cryptocurrency market, hitting a 17-day low on Wednesday, below $112,500. With Federal Reserve Chairman Jerome Powell's Jackson Hole speech expected on Friday, the market may see significant fluctuations in key BTC price levels in the coming days.
The loss of the $115,000 support level has become a critical watershed for traders to assess whether to increase or reduce their positions.
Michael van de Poppe, founder of MN Capital, noted that Bitcoin is currently hovering around $113,700, entering a "bullish potential attention area."
Related charts indicate that the area between the August low of $111,900 and the psychological level of $113,000 is an important observation zone for BTC in a six-hour cycle.
Van de Poppe stated that if the price falls below this area, it would present traders with an "excellent" low buy opportunity, adding:
The same view was shared by analyst AlphaBTC, who mentioned that Bitcoin's price might experience a "larger rebound" before the monthly low of $111,980.
📈#Bitcoin game plan 📈Lower time frame, I'm looking for the monthly low to get run then a bigger squeeze back up.#Crypto #BTC https://t.co/l3t7AGOX0x pic.twitter.com/lyI7CN2asf
Below $110,000 is another important focus. Trading firm Swissblock noted that this area has provided support for BTC prices since July 10, and it is also part of the key demand range defined by the 100-day simple moving average (SMA) (from $111,000 to $105,000).
According to Cointegraph, Bitcoin's core support level remains at $100,000, protected by the 200-day SMA, which is the last line of defense for bulls.
On the upside, Bitcoin needs to convert the range of $116,000 (50-day SMA) to $120,000 into support to solidify the bullish trend and increase the likelihood of the price returning to the historical high of $124,500 and beyond.
Some traders are focusing on the potential for liquidity capture below, with buy orders extending to $110,000.
CoinGlass's latest data shows that prices are fluctuating around $113,000, with major buy orders concentrated below $112,000.
On the upside, sell orders continue to accumulate, primarily concentrated in the liquidation range of $115,800 to $118,100.
If $118,000 is lost, it could trigger a short squeeze, forcing shorts to cover, with the price likely to challenge the next major liquidity cluster at $120,000.
Bitcoin trader Daan Crypto Trades posted on the X platform, stating: "The closest major liquidity cluster is at $120,000, and the range low around $112,000 still holds reference significance." He added:
According to Cointelegraph, as short-term holders of Bitcoin increase their selling, the probability of BTC price dropping to $110,000 is rising.
Related: Arthur Hayes shifts to longevity sector after being pardoned by Trump, investing in stem cell companies.
Original article: “Bitcoin Eyes Liquidity at $110K: Watch These BTC Price Levels Next”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
