- Short liquidations between $112K–$115K could trigger upward momentum, while $107K support may absorb selling and attract renewed buying pressure.
- Psychological levels at $100K and $94K may see concentrated orders, stop-losses, and liquidations, creating potential liquidity hunts for market participants.
- CME gap at $117K provides a potential upside target, with higher-timeframe uptrend encouraging price recovery if support holds.
Bitcoin is showing volatility ahead of the September 17 interest rate decision. Traders are analyzing key liquidation zones, psychological price levels, and CME gaps to anticipate the next market move.
$107K Support Holds Key Market Significance
Short liquidations are currently concentrated between $112,000 and $115,000, suggesting potential upward pressure if these positions are closed quickly. CrypNuevo noted that “Short liquidations are stacking between $112k – $115k,” emphasizing the high liquidity cluster that could trigger rebounds.
To the downside, $107,200 represents both a liquidation zone and Support 2. This level may absorb selling pressure and attract renewed buying interest from traders.
If the price tests $107,200 early in the week, it could present a buying opportunity. CrypNuevo suggested that such a false move toward this zone may serve as a strategic entry for market participants.
Potential Pullback to $100K and $94K
If downward momentum strengthens, the $100,000 psychological level may act as a target for liquidity hunts. Traders often place long orders at round numbers, which can trigger stop-losses and liquidations if broken.
A further drop to $94,000 could fill small CME gaps while triggering additional liquidations. CrypNuevo indicated that these levels align with market mechanics, where liquidity zones influence price retracements.
Retail traders may react quickly to declines, while larger players could view dips as entry points. The dynamic between retail fear and institutional buying often defines the depth of corrections in Bitcoin.
CME Gap at $117K as Upside Target
A CME gap exists at $117,000, which may serve as a target if the $107,200 support holds. CrypNuevo emphasized that in the context of a higher-timeframe uptrend, these gaps are likely to be filled.
Liquidity is mostly on the buy side, signaling that temporary dips could attract larger market participants. Such behavior often results in deviations rather than prolonged downward moves.
The interest rate cut may act as a catalyst for market activity, with dips offering opportunities for strategic accumulation. Traders are closely monitoring $107K support, $100K psychological levels, and the $117K CME gap for guidance on short-term movements.
