bitcoin:native is looking much stronger today.
It is approaching the key area of 65k.
I still believe this area will cause bearish price action.
There is still a lot of liquidity to be taken out in the 55k-50k area.
$7.5B Crypto liquidations last week!!!
Now, $BTC has $166M liquidity above at $64k - $65k!
Meanwhile, $57k - $61k below has $1.08B liquidity!!!
I've written a data-backed market breakdown for what happens next to $BTC, $ETH and Altcoins.
Link below👇
cryptoreviewing.substack.com/p/crs-vault-pr…
bitcoin:native is approaching a key area I'm watching.
This zone previously acted as support and now has the potential to act as resistance.
If sellers step in here, the 52k region becomes an area of interest.
Watching the reaction closely.
bitcoin:native has swept its previous low.
This has lead to some consolidation and likely a bit of movement upwards.
When we reach the previous area of liquidity it is likely it will cause more downside.
Potentially to 52k or lower..
@jonny24691@CryptoPoseidonn true, we may see a small push up before hand. But those levels are likely to be hit in June.
From there we are bullish again.
Interesting how traders focus on where price is.
I'm more interested in where liquidity is building.
That's often where the next meaningful move begins.
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