$ENA Price action is currently sitting in the correction zone of the recent drop, which makes this area a potential staging point for another move lower.
A new confirmation on the 15-minute or 1-hour timeframe would provide a clearer setup.
For the bearish structure to shift, the price needs to reclaim the $0.36 level.
$BTC liquidity is everything in the market. When I shared this analysis, I expected the price to sweep the lower liquidity, and as we saw, the market didn’t move upward before taking that liquidity.
Today, after the sharp move that cleared those areas, we’re now seeing the resulting bounce.
That’s why, instead of focusing on unnecessary factors, you should prioritize understanding liquidity and reading market direction correctly.
Even just these two concepts alone can generate a significant amount of profit.
$ETH recently pushed above $4,100, setting a new high and completing its medium-term PO3 structure before pulling back into the range.
Price is now sitting in the discount zone of the last impulse, with the key area being the intersection of the $870-origin trend and the S/R level.
A final sweep and a confirmed bullish reaction would be ideal. If the yearly open at $3,350 is reclaimed, the path toward a new ATH becomes much more likely.
$BNB has already given its bullish confirmations and is currently moving above the yearly open region around $700.
As long as this level is not lost, there is no need to panic.
Besides that, the break of the descending trendline drawn from the previous ATH and the subsequent retest are keeping the continuation of the move intact.
I expect one more pullback toward the $780 level, and from there I’m considering buying spot as well.
$BTC is currently showing liquidity buildup — so what does this mean?
The price has accumulated a series of clear liquidity pockets created by traders who opened long positions in the lower zones, and normally, the price doesn’t start a proper upward move without sweeping this area first.
The fact that the last drop came with strong volume while the following bounce has been slow especially strengthens this possibility.
$SOL ’s analysis is progressing well at the moment.
There is confirmation in this area, but we still need to monitor the market’s other downside factors taking a trade based solely on this signal would be risky.
If the long-term move toward the $100 level comes, I’m also considering buying in spot.
$SOL I had skipped the move on the left because it didn’t touch the box, but the price went up without taking the lower liquidity, so that box is still valid for me.
If, after tapping into that box, we get the kind of move I mentioned, then on the 15-minute chart we’ll clearly see another drop coming.
Even if $BTC moves up, we’re already at resistance, and when you look at the order book, there are heavy stacked sell orders at these levels.
On the other hand, there’s a large cluster of buy orders sitting around the $75,000 zone, so we need to question the sustainability of this push. I’m still not rushing just waiting patiently.