A look at $BTC and $ETH liquidity and where price is going next 👇
$BTC
Lower timeframes show a decent amount liquidity taken to the downside with the bulk stacked above at $117k+
High timeframe still shows a large liquidation level down at $95k but also a zone building at $130k
Based on recent price action wrecking as many people as possible, we might see this bounce go to $117k and then back down to $95k...
Or perhaps $117k -> $130k -> $95k
$ETH
Lower timeframes show that all liquidity to the downside taken at $3200, large liquidation building up at $4300-$5000
High timeframe shows a massive zone of liquidity down at $2k, but also large area at $5k.
If $BTC pumps to $117k/$130k, $ETH could take the liqudity to the upside.
But be wary of the $BTC liqudity at $95k and $ETH at $2k. Downside risk still very much there.
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