Huge Bull flag for Ethereum on 1 hour time frame, target 401 | MihaiDaniel on Binance Square

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Huge Bull flag for Ethereum on 1 hour time frame, target 4011$ , also a ascending triangle pattern with breakout target to 3830$ this can fly super quick, invalidation below 3500$

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Bitcoin has risen according to liquidity, already at the top there is not so much to liquidate short positions, but at the bottom, at $91,000 there are 3.3 billion dollars of short positions, I am not bearish but I am not naive either, it is serious money, yes do they remain untouched 🚨

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For bitcoin it is a question of what next ? Liquidity wise 2.7 billion $ will get liquidated if bitcoin drops to 85.000$ and 1.7 billion will get liquidated if bitcoin fly to 100.000$ , from where we stand now the most easy money are at 2.5k above , is market going to do a flash pump above get all the money and drop down? It can . Where will be the local top for 2024 ? I think we will find out soon

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Based on the updated chart (4-hour timeframe) and the current Bitcoin price of $94,200, Observations from the Chart: 1. Rising Channel: • Bitcoin appears to be trading within a rising channel. The upper and lower trendlines act as dynamic resistance and support. • The price is near the midline of the channel, suggesting equilibrium at this level. 2. Stochastic RSI: • The Stochastic RSI seems to be turning downward from an overbought level. This signals a potential cool-off period or short-term correction. • If it crosses into oversold territory, it could indicate a bounce near support. 3. Volume: • Volume is relatively stable but not significantly increasing. This could indicate a lack of strong momentum on either side. • A sharp increase in volume at this stage would confirm the next major move. 4. MACD and Momentum: • The MACD histogram shows weakening bullish momentum. A crossover on the 4-hour chart would suggest a shift toward bearish sentiment. • Momentum indicators are showing signs of consolidation rather than clear continuation. 5. Support and Resistance: • Immediate support: Around $92,300 (marked by the stop level on the chart). • Resistance: Near $95,500–$96,000, aligning with recent highs and a potential sell zone. Key Scenarios: Scenario 1: Pullback to Support • If Bitcoin breaks below $94,000, the next key support zone lies around $92,300. • A bounce at $92,300 would maintain the integrity of the rising channel, offering a potential long entry. • Bearish signal: A close below the lower trendline of the channel (~$91,800). Scenario 2: Continuation to Resistance • If Bitcoin breaks above $96,000, the next likely target would be $98,000–$100,000 (psychological resistance and channel top). • A clear breakout above $100,000 with high volume would indicate strong bullish momentum. Scenario 3: Range-bound Movement • Consolidation between $92,300 and $96,000 is possible, as the market may digest recent moves and liquidity levels. Current bias The chart suggests a neutral-to-bearish

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In the next period we have two existential issues to watch, dominant bitcoin and altcoin season index, if dominant bitcoin goes down and altcoin index goes up the result makes many people happy Bon appetit at ☕️ boost at 🍀

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As long as bitcoin stay 92.000$ we are safe , right now bitcoin has a big fight on 1 hour time frame with 200 moving average, if we get a strong rejection here we will go back to visit lower values. The Best Buy zone is the support area 91.000$ to 92.000$ if it gets there again

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