🚨 BTC and ETH might be wrapping up the final phase of this adjustment round.
Many folks are still worried about the escalating situation in the Middle East, but the market is starting to show a clear signal:
The bearish sentiment remains, yet prices aren't budging downwards.
BTC bounced off around 65000, finding support in the 62000 range, and is currently back above 63000; ETH is still holding onto the 1680 OB demand zone and continues to fill the upper FVG gaps.
From the 4-hour structure perspective, liquidity below has been mostly harvested, while bearish liquidity is still heavily stacked above.
In other words:
If we keep pushing down, the big players can only harvest so many chips;
If we rally up, it could trigger more short squeezes.
This explains why the recent 4-hour candlesticks have started to contract in volume and oscillate, rather than accelerating downwards.
On the news front, the Middle East conflict remains the biggest variable.
But what the market truly fears isn't the conflict itself, but the potential for it to spiral out of control.
As long as the situation doesn’t escalate further, risk assets will likely gradually recover.
Next, keep an eye on:
📍 BTC 64000-64500
📍 ETH around 1740
If we break through, the market may officially enter a rebound phase after the bearish sentiment settles.
When everyone is asking how much further it can drop,
I'm more concerned about how many shorts are waiting to be squeezed above.
Do you think BTC will hit 62000 first or 65000? 👇
#美众院拟办数字金融圆桌会议 $SPCX
$SNDK
Many folks are still worried about the escalating situation in the Middle East, but the market is starting to show a clear signal:
The bearish sentiment remains, yet prices aren't budging downwards.
BTC bounced off around 65000, finding support in the 62000 range, and is currently back above 63000; ETH is still holding onto the 1680 OB demand zone and continues to fill the upper FVG gaps.
From the 4-hour structure perspective, liquidity below has been mostly harvested, while bearish liquidity is still heavily stacked above.
In other words:
If we keep pushing down, the big players can only harvest so many chips;
If we rally up, it could trigger more short squeezes.
This explains why the recent 4-hour candlesticks have started to contract in volume and oscillate, rather than accelerating downwards.
On the news front, the Middle East conflict remains the biggest variable.
But what the market truly fears isn't the conflict itself, but the potential for it to spiral out of control.
As long as the situation doesn’t escalate further, risk assets will likely gradually recover.
Next, keep an eye on:
📍 BTC 64000-64500
📍 ETH around 1740
If we break through, the market may officially enter a rebound phase after the bearish sentiment settles.
When everyone is asking how much further it can drop,
I'm more concerned about how many shorts are waiting to be squeezed above.
Do you think BTC will hit 62000 first or 65000? 👇
#美众院拟办数字金融圆桌会议 $SPCX
$SNDK