Prakash here- Crypto Enthusiast & Day trading Pro,Passionate about Price Action and sharing crypto market Insights as a proud Binance KOL || X - @INCOMECRYPTO24
In the last hour, XRP futures saw around $26.4K in liquidations, with almost 100% coming from short positions. Long liquidations were practically nonexistent.
This tells us the market was overloaded with bearish bets, and a small upside move was enough to force shorts to close. That short covering added temporary buying pressure, creating a short squeeze-type reaction.
Important to note: liquidation data shows who was wrong, not where price will definitely go next. Follow-up volume and spot demand will decide whether this move sustains or fades. Short-term sentiment flipped bullish, but confirmation is still key.
$ETH इस समय daily timeframe पर एक clear corrective structure में trade कर रहा है। September-October के distribution phase के बाद market लगातार lower highs और lower lows बना रहा है, जिससे overall trend अभी भी weak दिखाई देता है।
Key Demand Zone - 2,600 to 2,650 (FVG)
Chart पर marked Fair Value Gap एक important demand area है। Price इसी zone के आसपास react कर रहा है, जो short-term buyers के लिए last meaningful support माना जा सकता है।
Justification: Strong impulsive move के बाद बना imbalance अक्सर revisit होता है और reaction देता है।
Immediate Resistance - 3,100 to 3,200
जब तक ETH इस range के ऊपर daily close sustain नहीं करता, तब तक कोई भी upside move सिर्फ relief rally माना जाएगा। Buyers को अभी structure reclaim करना बाकी है।
Major Resistance Levels - 3,650 and 4,245
3,650 previous support था जो अब strong supply zone बन चुका है। 4,245 high-timeframe resistance है, जहाँ से पहले भी heavy rejection आया है। Trend reversal के लिए इन levels का flip जरूरी होगा।
Bearish Continuation Scenario
अगर 2,600 zone cleanly break होता है, तो ETH directly 2,520 to 2,460 liquidity area की तरफ move कर सकता है।
Justification: Multiple stop-loss इस range के नीचे likely placed हैं, जिससे downside move fast हो सकता है।
Market Summary
ETH अभी decision phase में है।
2,600 के ऊपर price consolidation और volatility possible है, जबकि इसके नीचे breakdown strong downside continuation trigger कर सकता है। Confirmation के बिना aggressive entries avoid करना ही best approach रहेगा।
BTC remains under sell-side control following multiple downside BOS events and a confirmed CHoCH at the lows. Rallies continue to form IDMs but fail to reclaim prior structure, validating bearish continuation rather than reversal.
From a positioning perspective, CoinGlass liquidation data shows heavy long leverage stacked below current price, aligning perfectly with the structural bias. These liquidation clusters act as downside liquidity magnets, explaining the persistent acceleration once support levels fail.
Sell-side POIs above remain unmitigated, confirming prior distribution and reinforcing the bearish macro narrative. Until price reclaims structure with acceptance, pullbacks are corrective and best viewed as short-side opportunities.
Bias: Sell-side
Execution: Shorts on IDM / minor supply
Targets: Long liquidation clusters aligned with structural lows