BTC update on 06.03.2025
Summary
BTC is showing strength in the short term, but a slight pullback for additional support wouldn’t be surprising. The long-term outlook remains intact, even if consolidation continues for a few more weeks. Liquidation data supports a retest of the upper range, which could be the catalyst for the next significant move.
Short-term
BTC looks very strong, slowly testing the first resistance level (R1). However, a pullback to the 61.8% Fibonacci level, or even the 78.6% level, is still possible to gather more strength before another move higher.
Long-term
The structure remains decent, but BTC could still test the 50% Fibonacci level or a more realistic 61.8% level. This corrective wave might continue for another 2–5 weeks, which would be healthy for the overall structure—but it’s not a necessity.
Liquidation Heatmap Analysis
BTC has been holding up well since yesterday and is now in a position to retest the upper boundary. A breakout above this area could trigger further momentum.
