End of Bear Trap. . Be ready guys ... alt season is coming | Darla Obstfeld on Binance Square

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End of Bear Trap..
Be ready guys ... alt season is coming ... 🔥🔥
#CRYPTPNEWS #cryptosignal $BNB 
BNB
837.23
-2.96%
$SOL 
SOL
123.78
-3.50%
$XRP 
XRP
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$ETH whales are creating a strong support area. They have been buying consistently, pushing their average buy price from around $1.56k in June to almost $3k now. This matters because big players usually defend the price where they bought in. As long as whales keep accumulating, it will be difficult for ETH to drop below this level.

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At the FOMC the Fed seemed more hawkish on rate cuts moving forward. The market seems to agree, there’s currently just a 24% chance of a rate cut in January… Should we be worried?

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For the last four Mondays, the price has dipped, found a short-term bottom, and then moved up. This usually means smart money isn’t chasing higher prices. They’re quietly buying on dips and building long positions while everyone else is distracted.

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Bitcoin is forming a falling wedge, which is usually a bullish pattern. This means selling pressure is weakening, and a breakout to the upside is possible. If Bitcoin breaks out of this pattern, the price can move above $92,800. If that level also breaks, Bitcoin could test around $94,000.

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Right now, liquidity is sitting at two major price levels. Heavy sell-side liquidity is present around $96K–$98K, which is blocking any strong upward move while buy-side liquidity is building near $88K–$90K, supporting the price on the downside. The next big move will only come when one side of this liquidity gets taken out.

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