$ETH dropping to take that liquidity and not expecting big | Cas Abbé on Binance Square

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$ETH  dropping to take that liquidity and not expecting big moves over the weekend 
Will be sharing new plays this Monday

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-1.74%

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$ETH is trying to reclaim the 2W Gaussian Channel. Since 2020, ETH has only reclaimed this channel twice. And both times, ETH pumped hard. In 2020, ETH pumped from $300 to $4,000 In 2024, ETH pumped from $2.4K to $4.1K If ETH reclaims this again, I'm certain of $4K ETH by Q3 2025.

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$BTC is forming a bullish penant here. It bounced back nicely from support level, which is a good sign. Despite $1B long position closing and low liquidity volume, bears didn't take BTC down. I think the next week will be good for BTC. I can smell a new ATH again.

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Bitcoin Liquidation Update 🚨 If BTC pumps 10% from here, $2.3B in shorts will get liquidated. If BTC dumps 10% from here, $2.6B in longs will get liquidated. Both the long and short sides are looking balanced, which means tomorrow market open will be crucial. I expect that ETFs buying will continue which will send BTC to a new ATH.

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Bitcoin recently hit a new ATH. But, there is no euphoria in the timeline. Media coverage is way too less compared to previous ATHs. This is actually a good thing and shows that there is much more room for growth. Also, BTC retail activity is at ATL, as most retailers are invested in alts. I think BTC could go around $120K-$125K, and then the alts rally will happen. After that, market euphoria will hit in 1-2 weeks which will mark the local top.

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