BTC BREAKS THROUGH THE $62K RESISTANCE HEADING TOWARDS THE $61K MARK - LIQUIDITY HOLDING PRESSURE CONTINUES TO SPARK A WIDESPREAD PANIC SELLING PHASE! 🟣 BTC: The short-term correction continues to widen as sell pressure ramps up sharply at the start of the day, pushing the base asset price down to $61,196.72 (-3.36%). The break of the previous horizontal accumulation range has triggered the automatic liquidation of long positions. BTC is currently falling into a deep accumulation liquidity zone to retest the last strong demand around the $60k checkpoint.
🟡 For ETH, the current structure is similar to BTC as the market has just experienced a strong downturn and signs of recovery are emerging from the support zone.
🟡 ETH is currently trading around $1,870 – $1,880 after bouncing up from the recent low around $1,816. This is a signal indicating that the selling pressure is temporarily weakening and the market is starting to see a technical rebound.
🟡 The KEY resistance level for ETH right now is around $1,936. This is the nearest resistance zone and also the area that will determine whether ETH can extend its recovery.
🟡 If ETH breaks out and confirms a close above the $1,936 zone, there’s a high likelihood the price will continue to recover towards the $2,005 range. This is the nearest short-term target for the upward move.
🟡 Conversely, if ETH continues to fail at the $1,936 zone, selling pressure might return, and the market could potentially retest the $1,816 low.
🟡 At this point, I still favor the scenario where ETH continues to recover alongside BTC. However, everyone should wait for a clear breakout confirmation above the $1,936 zone before expecting a stronger rally.
🔽 Important resistance zone: $1,936 🔽 Next resistance zone: $2,005 🔼 Important support zone: $1,816
———————— Note: ✅ All information is for reference and experience sharing, not investment advice. ✅ Investors are solely responsible for their financial decisions and must comply with the laws of their respective countries. $ETH
🟡 If we look at the H4 timeframe, the main trend for BTC is still bearish as the price remains below EMA 34 and EMA 89. After a strong drop from around $74,000 down to about $65,400, BTC has seen some bottom-fishing buying pressure and is currently experiencing a short-term bounce.
🟡 On the M15 and H1 timeframes, you can see that BTC is forming a relatively good bounce from the bottom at $65,400. However, this is still just a bounce within a larger bearish trend, and the market has yet to confirm a trend reversal.
🟡 The current KEY zone for BTC is around $67,900 – $68,000. This is the nearest resistance zone and also a confluence area with EMA 89 on the smaller timeframe.
🟡 If BTC breaks out and confirms a candle close above $68,000, there's a high likelihood that the price will continue to extend the bounce towards $71,000. This is the nearest upside target and also the next strong resistance area in the market.
🟡 Conversely, if BTC fails to break through $68,000 and shows signs of price rejection, it's likely that the market will revert back to test the previous bottom around $65,400.
🟡 From the current perspective, I prioritize the scenario of BTC continuing to recover in the short term. However, this bounce will only be clearly confirmed if the price successfully breaks out above $68,000.
🔽 Important resistance zone: $67,900 – $68,000 🔽 Next resistance zone: $71,000 🔼 Important support zone: $65,400
Both bosses Say Lỏ and Tôm Lê are deep in the red -$7.9B and -$8.8B; it's the first time I've seen Tôm Lê take a bigger hit.😅
Meanwhile, the crypto warrior El Salvador keeps stacking 1 BTC daily, with an average price of ~$56K, so their account is still in the green +$80M. $BTC
SELLING PRESSURE DRIVES BTC TO THE $70K THRESHOLD - THE MARKET ENTERS A MASSIVE LEVERAGE FLUSH PHASE! 🟣 BTC: The market is facing an extremely strong supply pressure right from the start of the day, pushing the price down sharply to $70,278.06 (-4.44%). Losing the accumulation zone at $73k has triggered a wave of Long position liquidations on a large scale. The current downward momentum is very strong, and BTC is struggling to find buying support around the crucial psychological support level of $70,000.
🟡 For ETH, the current structure is even weaker than BTC as the price remains below the EMA 34 and EMA 89 on the H4 chart. The bearish trend is still dominant and the recent bounces haven't been strong enough to change the market structure.
🟡 Currently, ETH is trading around the $1,980 mark and is reacting right at the crucial Daily support zone of $1,960 – $1,980. This support area has shown buying pressure multiple times in the past, so price action here needs to be monitored closely.
🟡 In the short term, the $2,090 zone is the most important KEY level. If ETH successfully breaks out and closes a candlestick above this zone, there’s a good chance the market will enter a stronger recovery phase, targeting $2,245.
🟡 Conversely, if ETH loses the $1,960 support zone, the bearish structure will continue to be confirmed and the market could extend the downtrend towards $1,750.
🟡 Currently, I assess that ETH is in an accumulation phase at this major support area. Therefore, rather than chasing the price down, everyone should wait for clear reactions at KEY zones to make more informed trading decisions.
🔽 Important resistance zone: $2,090 🔼 Important support zone: $1,960 – $1,980 📈 Nearest recovery target: $2,245
———————— Note: ✅ All information is for reference and experience sharing purposes, not investment advice. ✅ Investors are solely responsible for their financial decisions and must comply with the laws of their respective countries. $ETH
🟡 Looking at the H4 timeframe, BTC is still maintaining a relatively clear downtrend structure as the price continues to stay below the EMA 34 and EMA 89. After a strong drop last weekend, BTC is currently hovering around the $73,100 – $73,300 range and hasn’t shown any clear signs of a reversal yet.
🟡 The positive point is that the price is reacting quite well at the support zone of $72,700 – $72,800. This is a short-term bottom formed after the most recent sell-off. In the short term, BTC is entering a consolidation phase, balancing between support at $72,700 and resistance at $74,300.
🟡 The $74,300 zone is currently the most IMPORTANT key level for BTC right now. If BTC breaks out and closes a candlestick above this level, there’s a high chance the market will form a stronger recovery phase, targeting up to $77,600. This is also a major resistance level on the H4 chart and the nearest target for the recovery phase.
🟡 Conversely, if BTC continues to fail at the $74,300 level and breaks below $72,700, selling pressure could come back in strong. At that point, BTC could extend its drop towards the $70,600 area.
🟡 From the current perspective, I assess BTC is in a fairly sensitive zone. In the short term, priority is to observe the price reaction at the $74,300 level. If the price breaks out, then buying on the recovery is preferred; if it loses the $72,700 level, then the scenario of further declines will be prioritized.
🔽 Important resistance zone: $74,300 🔼 Important support zone: $72,700 📈 Nearest recovery target: $77,600
🟡 For ETH, the current structure hasn't changed much since yesterday. The price is still in a short-term downtrend and there are no clear signals of a true reversal yet.
🟡 The crucial KEY zone for ETH right now is around $2,193. This is the price area everyone needs to keep a close eye on today.
🟡 If ETH breaks out clearly above the $2,193 zone, the market could start forming a stronger recovery phase, and at that point, we’ll prioritize looking for buying opportunities.
🟡 Conversely, if ETH can't push past this zone, the current strategy will still be to prioritize short selling according to the market's downtrend.
🟡 However, similar to BTC, ETH has already dropped quite a bit, so folks shouldn't FOMO and chase sell at these low levels because the market could very well see unexpected technical bounces in the short term.
🔽 Important resistance zone: $2,193 🔼 Important support zone: $2,100 – $2,150
———————— Note: ✅ All information is for reference and experience sharing, not investment advice. ✅ Investors are responsible for their own financial decisions and must comply with the laws of their respective countries.
🟡 Basically, if we look at the H4 timeframe, BTC is currently sitting below the EMA 34 and EMA 89, indicating that the larger trend is still leaning bearish. The selling pressure on the larger timeframe hasn't really ended, so everyone needs to pay close attention during this phase.
🟡 However, if we check smaller timeframes like M15 or M30, after BTC's sideways movement and short-term accumulation, the price is starting to show signs of a bounce back. This indicates that the short-term selling pressure is beginning to slow down, and the market is trying to form a recovery phase.
🟡 The nearest KEY zone for BTC is currently around $78,400 – $78,500. This is a crucial resistance area on the smaller timeframe and also determines BTC's next short-term trend.
🟡 If BTC can't break through the $78,400 – $78,500 zone, the current priority trend will still be to bounce up and then continue shorting according to the existing bearish structure of the market.
🟡 Conversely, if BTC breaks out clearly above this zone, the market may confirm a stronger recovery phase, and at that point, we will prioritize returning to a long strategy for BTC, ETH, and many other altcoins.
🟡 However, everyone should also keep in mind that at this moment, shorting should only be prioritized in the short term because after a strong downtrend, the market usually tends to experience technical recovery bounces.
🔽 Important resistance zone: $78,400 – $78,500 🔼 Important support zone: $76,000 – $77,000
BTC is spinning around the $77K axis - the cash flow is making a technical recovery at foundational levels! 🟣 BTC: Entering a short-term accumulation zone after a sharp drop, currently trading around $76,925.26 (-0.23%). Selling pressure from the Bears is showing signs of weakening as the price continuously establishes a stable sideways base above the $76.5k mark. The market is forming a narrowing accumulation structure to retest the opposing buying power before sending clearer reversal signals.
📉 Over $741 million in Long positions liquidated in the last 24 hours
The crypto market just saw a massive wave of liquidations over the past 24 hours.
The total value of positions liquidated reached around $854.9 million.
Of that, more than $741 million in long positions were wiped out.
This signals that leverage in the market remains extremely high. When prices drop sharply, overly stacked long positions can create a domino effect, pushing prices down even faster.
For those trading BTC, ETH, and altcoins, it's crucial to pay special attention to risk management right now. The market may experience a technical bounce after such a significant sweep, but it could also continue to shake if the selling pressure doesn't let up.
———————— Note: ✅ All information is for reference and experience sharing, not investment advice. ✅ Investors are responsible for their own financial decisions and must comply with the laws of their respective countries. $BTC $ETH $BTTC
🟡 For ETH, looking at the larger timeframe, the current price has returned to a key support zone. However, from the H4 down to smaller timeframes like M15 or M30, ETH's current bearish structure remains very strong.
🟡 The selling pressure at this moment is almost overwhelming, and the market hasn't shown any clear signs of recovery. The current short bounces are mainly viewed as technical corrections within the downtrend.
🟡 On smaller timeframes like M15 and M30, ETH's important KEY resistance zone is around $2,191. If ETH wants to regain an uptrend, the price must rise and close a candlestick above the $2,200 mark. Only then will the short-term structure show more positive signs.
🟡 If ETH can't break through this level, the current priority trend will remain to bounce up and then continue to short in line with the general downtrend of the market. If BTC drops, ETH and altcoins will face similar downward pressure.
🔽 Important resistance zone: $2,191 – $2,200 🔼 Important support zone: $2,100 – $2,150
———————— Note: ✅ All information is for reference and experience sharing, not investment advice. ✅ Investors bear full responsibility for their financial decisions and must comply with the laws of their respective countries. $ETH
🔖 QUICK BTC ANALYSIS | 18/05/26 🟡 First off, looking at the H4 timeframe, you can see BTC is currently trading below the EMA 34 and EMA 89, indicating that the bearish trend on the larger timeframe is still dominant. Moreover, BTC previously showed an RSI divergence on the H4, which is a pretty significant warning signal that the earlier bullish momentum has weakened quite a bit.
🟡 Right now, BTC is trading around the $76,800 – $76,900 range. On the larger timeframe, the nearest important support zone for BTC is around $75,000 – $76,000. This will be a major support area to watch in the near term because if the price continues to drop into this zone, the market's reaction here will significantly influence BTC's next structure.
🟡 If we look at smaller timeframes like M15 or M30, the current price is still clearly in a downtrend, remaining below the EMA 34 and EMA 89. This shows that short-selling pressure is still dominant in the market.
🟡 In the short term, the KEY bearish zone for BTC lies around $78,400 – $78,500. If BTC wants to return to a bullish trend, it must clearly break above this zone. Only then will the market have a chance to confirm the bullish momentum again.
🟡 On the flip side, if BTC can't break the $78,500 level, the current preferred trend will still be to retrace and then continue to short in line with the overall bearish market trend. Not only BTC but ETH and many altcoins currently have a similar structure.
🔽 Important resistance zone: $78,400 – $78,500 🔼 Important support zone: $75,000 – $76,000 $BTC
PRICE ADJUSTMENT PRESSURE RISES, BTC PULLS BACK TO LOWER SUPPORT ZONE - HEDGING STRATEGY AND DEMAND VALIDATION AT KEY LEVEL! 🟣 BTC: The short-term correction trend continues to widen as selling pressure significantly increases at the start of the week, pushing the price down to the $76,923.17 mark (-1.57%). The continuous breaking of short-term support levels indicates that the Bears are currently dominating the Momentum. Right now, BTC is entering a deep accumulation liquidity range to seek more sustainable demand to halt the downtrend.
Big B took a dive of over 2,000 while the crew was catching some Z's, dragging down more than 106,000 traders into liquidation without any major news hitting the wires
Guess the Sell-in-May strategy is the most fitting reason right now 😁
🔴 Bitcoin dips below $77,000, market gets hit hard
Bitcoin just plummeted below $77,000, resulting in significant volatility across the crypto market.
At the same time, about $600 million worth of positions were liquidated in just 60 minutes, showing that leverage is being wiped out quickly as the price breaks through sensitive zones.
This news is crucial because BTC's sharp drop could trigger a defensive mindset, causing altcoins to experience even larger fluctuations and increasing the risk of a liquidation cascade in the short term.
Key points to watch:
- Monitor whether BTC can reclaim the $77,000 level. - Be cautious with altcoins using high leverage as volatility could widen. - Keep an eye on the next liquidation events to assess if selling pressure will persist. - Avoid rushing to react while the market is highly volatile minute by minute.
Conclusion: The $77,000 level is critical to watch closely. If BTC doesn't recover quickly, the market may continue into a phase of severe fluctuations.
———————— Note: ✅ All information is for reference and sharing experiences, not investment advice. ✅ Investors are responsible for their own financial decisions and must comply with the laws of their respective countries.
BTC CHALLENGING THE SUPPORT LEVEL AT $79K - END-OF-WEEK PROFIT TAKING TRIGGERS A WIDESPREAD LIQUIDATION SWEEP! 🟣 BTC: A strong supply pressure has emerged at the peak area, pushing the price back down to $79,175.29 (-2.25%). Losing the $81k level again shows that the Bears are trying to absorb buying pressure at these high price points. Currently, BTC is in the process of retesting the support zone below $80,000 to validate the strength of the buying flow supporting the market.