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Bitcoin and Ethereum ( $BTC $ETH) are are back on everyone’s radar and here’s why...
BTC has hit ATHs and is now moving sideways, as well as ETH.
On the lower timeframes, there are some key liquidity zones right now: $115k and $121k.
Ideally, we want price to tag the $115k liquidity first.
If not, market makers might push up to $121k, grab that liquidity and then reverse back to take $115k after.
The cleanest setup is $115k sweep first, then continuation higher. If $121k goes first, expect more ranging.
Could I be wrong? Sure. But usually, they don’t leave liquidity sitting untouched in these LTF ranges.
Either way, don’t stress it. BTC is pushing new highs.
ETH just ran from $2.5K to $3.8K in a week.
Some consolidation here is normal before the next move up. The market’s just doing what it does.