⚡️The image shows a heatmap of Bitcoin (BTC) sell order liquidity stacked in the $68.5K to $70K range, with $178M of sell liquidity.
⚡️This liquidity may simply be a protection barrier over the weekend, or it may have been put in place to limit the rise in Bitcoin price before the close of the month or the election.
⚡️In either case, it will likely attract some traders to open short positions, which could lead to upward pressure if these traders are forced to close their positions quickly when the price rises.
Which means a huge superiority for SOL currency that exceeds Bitcoin's rise by stages
We analyzed Sol currency yesterday and that as soon as it reached the resistance of $160, it would take off strongly and indeed its launch exceeded Bitcoin's rise with noticeable steps as shown in the drawing
We are waiting for Bitcoin to break $70,000 so that we can see new peaks for SOL at $189 as we mentioned in the previous analysis of the currency
We notice in the chart in front of us that Bitcoin is trying to close above the resistance of $67,700 to $68,000
In light of the high percentage of Bitcoin acquisition
The next stage
Exceeding $70,000, then the beginning of the recovery of alternative currencies and the movement of liquidity from Bitcoin and the stability of the price of Bitcoin
"A state of boredom always prevails before the rise in the market
Try to take advantage of this period to learn how to deal with the market"
This was our saying on October 9 before the beginning of the signs of the rise and thank God the market rebounded completely from the $58,000 areas
Then our records continued with the necessity of closings above $65,000 in order to confirm the positivity and indeed we have now reached the $65 to $66,000 areas
The first scenario
Which is expected from our point of view, which is to complete the rise to the $67,400 areas with ease and from there launch a new peak
As is clear in the drawing, Bitcoin is trying to get out of the channel in which Bitcoin touches the trend at the price of $67,400 for many reasons, including the logical corrections of Bitcoin over the past hours
The second and worst scenario
Is increasing pressure on the market by correcting to the $58,000 areas and this may be more logical than necessary for the end of the downward wave in The past months and the beginning of a stronger than expected rebound
The third scenario
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And so that the number of recommendations will increase in the coming period
🚨🇺🇸Breaking: Fed member Chris Waller backs slower rate cut after 'disappointing' inflation report, data shows no signs of major slowdown in economic activity.
🚨🇺🇸In addition, hurricanes and strikes are expected to reduce job growth by more than 100,000 this month, but he expects a strong rebound afterward.
🚨 Robinhood's CCO Could Replace Gensler as SEC Chairman Under Trump! 🇺🇸
Speculation is mounting that Dan Gallagher could take over as SEC chairman if Trump wins, potentially signaling a pro-crypto shift in market regulation. ⚖️💥
🚨Binance platform announced the launch of the warning feature for currencies that will change their quantities in the market
🎈 The warning aims to clarify the currencies that have/will significantly change their tokennomics plan, and the warning will be added to currencies that have undergone a change in their token plan in the past 18 months, which are: - Travala ($AVA) - Chiliz ($CHZ) - Enjin Coin ($ENJ) - IOTA ($IOTA) - Lisk ($LSK) - Metal DAO ($MTL) - Orion ($ORN) - Self Chain ($SLF) - Solar ($SXP) - Vanar Chain ($VANRY)
📍 The news is positive for platform users as it will clarify the risks of the currencies available on the platform and increase transparency, and there will be no negative price movement on the mentioned currencies.