Recently, Bitcoin's price movement has been quite interesting. On the surface, the market appears weak and sluggish, but a closer look at liquidation data reveals a different story.

Data shows that the density of high-leverage long liquidations below 86,000 is quite concentrated. At first glance, this seems like a great opportunity for shorts, but key details reveal the truth — as the price drops further, the amount of liquidations actually shrinks rapidly. The chart clearly shows that with each dip, the liquidation lines become noticeably shorter, indicating that the selling pressure below is actually weakening.

Based on this observation, the probability of a sharp crash is not very high. The more likely scenario is: first breaking below the 86,000 psychological level, clearing out the last stubborn longs, then triggering a reverse rally with upward liquidations. In other words, the current weakness is just a buildup phase, and there's no need to be overly pessimistic.

But here’s an important point: a decline does not equal an immediate rise. Staying above 86,000 doesn’t guarantee a continuous upward trend. In fact, the key resistance zone to watch is between 87,900 and 88,400. Both historical trends and order density suggest this could be the ceiling for a rebound. Once the price rebounds to this zone, there’s a high chance of a second dip.

Currently, we are in a typical weak consolidation phase. Avoid chasing rallies or panicking during dips. Keep an eye on these two levels: support at 86,000 and resistance between 87,900 and 88,400. How the market develops next will depend on the performance around these two points, helping you understand the market rhythm.