$BTC $ETH $XRP
Bitcoin Update: As we can see, liquidity is shifting towards Ethereum, which is a natural trend that may not move Bitcoin. The liquidity is mostly buying and not temporary, but it could reflect as instant buying followed by selling from whales. However, I currently see the market as good. Bitcoin is still weak at this point due to its failure to break the level of 118,800. Additionally, liquidity is entering alternative coins, which complicates its rise. I believe Bitcoin will return to support and resistance areas at 117,800 and retest after a strong and violent failure it experienced. Note: Bitcoin's failure to rise while Ethereum increases at the same time is not positive, but negative for the market, so caution is advised. Bitcoin may be disposed of. The total liquidity index fails at the area of 3.89 trillion. The target is 4 trillion, and breaking this area in case the 4-hour time frame closes negatively. Bitcoin is in decline. We may witness a strong correction for Bitcoin and alternative coins. Also, it is likely that the USDT dollar pair will bounce from the drop zone today, but if the monthly close is not below 3.98, it is a positive and negative sign for Bitcoin and alternative coins.
