I've been observing the movement of Bitcoin and Ethereum for a while, and honestly, both look bullish but with an important detail that many overlook. BTC just broke the $90k resistance levels after bouncing between $85k-$90k for several days, but I noticed something concerning: whale activity has decreased significantly, which could mean this rally might face some obstacles before going further.



What's interesting is that we might be facing what traders call a liquidity run, basically a false price move designed to trap breakout traders. Imagine this scenario: BTC breaks above $94.5k and everyone gets excited thinking it will fly to $100k. But suddenly, a wipeout towards the $84k liquidation levels would clear out all those new long positions. After that, the real bullish move could follow. That said, there's also a possibility that resistance at the $92k 50-day EMA( could reject Bitcoin directly, and in that case, we might drop to $80.6k in the coming days.

Ethereum is similar. ETH has liquidity concentrated at $3.2k and another strong zone at $3.5k, but the key area is the cluster at $2.7k-$2.8k. If that gets wiped out, it could be the launch point for the next bullish rally for ETH. The liquidation heatmap clearly indicates this.

My advice: if you're not yet in long positions, be patient. Those with short-term gains can take advantage of momentum shifts on lower timeframes to lock in profits. A break above $94.5k in BTC doesn't automatically mean you should go long. Keep an eye on those key levels because a wipeout followed by a reversal below )would be a clear warning that Bitcoin could fall significantly more.
BTC0.64%
ETH0.98%
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