The ETH CME gap has been filled and faces rejection at the $2,152 resistance level. A breakout is needed for further upside; otherwise, failure to break through could lead to a retest of support. ๐ถ
BTC has filled the CME gap, leading to a sharp drop. The price is testing key support at $85,713, with additional levels at $84,977, $84,328, and $83,768.
A break below $85,713 could accelerate downside momentum toward $82,317. Selling pressure remains strong, indicating potential further weakness.
For a bullish recovery, BTC needs to reclaim $90,135 and establish support above it.
ETH has filled the CME gap, leading to a bearish move. The price is now testing key support at around $2,200, with additional levels at $2,170, $2,141, and $2,105. A break below could trigger a further downside toward $2,072. For any short-term bullish reversal, ETH must reclaim $2,327 and establish support above it.
The rejection at $99,500 shows strong seller pressure, pushing BTC into a key decision zone. Price is now near $95,120, with immediate support between $94,451 - $94,020. If this level breaks, a move towards $93,300 is likely, where liquidity pools could provide a reaction.
๐ Indicators: RSI (42.65): Weakening bullish momentum. MACD: Growing bearish pressure with a widening gap.
A strong defense at 94K-93.3K could trigger a bounce, but if it fails, BTC may target the 88.5k - 85K range. The next few daily closes will confirm the direction.
One trading idea could be that ETH price is going to outperforming bitcoin in the next months if an ALT SEASON is COMMING??? In that Scenario ETH GO EASELY and QUIKLY TO ATH and then TRY to get a few more reasonable targets. Maybe some of those targets could be represent by 80% - 170% . Dont expect super highs targets. Be carefeaul and always do your on reasearch and measure your owns risk for a trade. FINAL TARGET $7500, take some partials before always!!! and then manage properly to your own risk the trade.
**Market Recap & Confirmation** Yesterday, as highlighted a bearish scenario, expecting a move towards lower liquidity zones. BTC followed the analysis accurately, failing to reclaim key resistance levels and moving toward our projected targets.
-Resistance held strong, reinforcing bearish momentum. -The market is now testing support at a 100-day EMA of $93,800, aligning with our key pivot zones. The next potential liquidity sweep around $91,600 - $89,151 remains in play. -Bearish order blocks & Fair Value Gaps (FVGs) are respected, indicating further downside liquidity grabs.
**Key Technical Levels (Updated)**
๐Resistance Levels: -$94,600 - $95,700: Previous support turned resistance. - $98,887 - $100,174: CME gap zone. - $102,590: Strong bearish order block.
๐Support Levels: - $92,705: First major support - $91,600: Intermediate support, possible short-term bounce. - $89,151: Strong support target. - $88,500: Key liquidity sweep level.
**Additional Insights** - Liquidation Heatmap: High liquidations triggered around $94,400, confirming liquidity grabs. - Indicators (MACD & RSI): Still bearish, but signs of short-term relief possible.
**Projected Price Movement** ๐ปBearish Scenario (Still in Play): - Failure to hold $92,705 could lead BTC towards $91,600 - $89,151. - A deeper liquidity sweep at $88,500 remains a strong possibility.
๐ Bullish Recovery (If Buyers Step In): - A bounce from $92,705 or $91,600 could push BTC back toward $94,081 - $95,700. - A break above $98,887 - $100,174 would invalidate short-term bearish bias.
**Conclusion** BTC has followed yesterday's bearish analysis exactly as expected, respecting key levels and heading toward liquidity targets. As long as BTC stays below $95,700, the bearish scenario remains dominant. However, watch for reactions around $91,600 - $89,151, as they could offer a potential reversal opportunity.
*๐ Current Market Structure* -Recent High: $106,422 | Recent Low: $91,215 -BTC remains in a corrective phase, struggling below key resistance at 100K. -The lower highs formation and trendline breakdown indicate bearish momentum. -Multiple Fair Value Gaps (FVGs) and CME gaps suggest liquidity imbalances could be filled soon.
*๐ Key Technical Levels* ๐บ Resistance Levels: $102,590: Bearish Order Block (OB) + FVG $100,174 - $98,887: CME Gap $106,422: Major Resistance
๐ป Support Levels: $95,741 - $94,081: Key Pivot Zones $91,588: Intermediate Support $89,151: Strong Support & CME Gap Target $88,500: Liquidity Sweep Target
*๐ Additional Insights* -๐ฅ Liquidation Heatmap: High liquidation clusters near $95,700 and $94,000, signaling potential short-term support. -๐ VPVR Analysis: Strong volume concentration around $96,100 - $96,500, making this a key level to watch. -๐ MACD & RSI: Bearish bias but showing signs of potential short-term relief.
*๐ Projected Price Movement* ๐ป Bearish Scenario: -Failure to hold $91,588 could trigger a drop to $89,151 CME gap, with a potential liquidity sweep at $88,500 before a possible rebound.
๐ Bullish Recovery: -If buyers step in around $91,588 - $89,151, BTC could reclaim $94,081, targeting the $98,878 - $100,174 CME gap. A breakout above $102,590 would shift momentum bullish.
*๐ Conclusion* Bitcoin is showing short-term bearish weakness, with a high probability of testing $89,151 - $88,500 before a potential recovery. Bulls need to reclaim $98,887+ to invalidate this bearish bias.
๐ Price Action & Support Levels: - Bitcoin recently touched $94,700, acting as a key support level. - Below this, a Bullish Order Block (OB) exists around $91,588, with additional support at $89,173 - $86,274.
๐ CME Gap & Potential Move: - The price touching $94,700 suggests a possible move toward the CME gap at $98,600 - $102,100 ๐. If BTC gains momentum, it could reach the Bearish Order Block (OB) ๐ด near $102,745, facing resistance.
๐ Trendline & Market Structure: -The yellow dotted trendline (previous uptrend) was recently broken, indicating a short-term bearish bias. -The last rejection from the CME Gap zone led to a drop, but the recent bounce signals renewed bullish interest.
๐ Liquidity & Volume Insights: - Fair Value Gaps (FVGs) at lower levels indicate potential liquidity pools. - Rising volume on green candles suggests increasing buying pressure.
๐ Potential Scenarios: โ Bullish Case: - If BTC holds $94,700, it may move toward $102,745+ to fill the CME gap. -A breakout above $102,745 could drive BTC toward $107,154 - $109,340 ๐.
โ Bearish Case: - If BTC loses $94,700, it may drop to the Bullish OB at $91,588 and test $89,173 - $86,274. - A further breakdown could push BTC toward the CME gap at $75,637 ๐.
๐ข Conclusion: Bitcoin is currently at a pivotal level. Holding $94,700 could trigger a move to fill the CME gap at $102,745. However, failure to hold support may lead to a retest of $91,588 - $86,274 before another move higher. A deeper decline could drive the price toward the lower CME gap near $75,637.