$ETH is holding the trendline support well. The next resis | THE MARKET UPDATES on Binance Square

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Bullish

$ETH is holding the trendline support well. 
The next resistance to look out for is the daily EMA50 and the ATH swing high. 
The good news: MACD is showing signs of a possible cross-up. 
Watching closely.

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$215M in liquidations over the last 24 hours, with the majority coming from short positions. When too many traders position in the same direction, it increases the risk of a squeeze in the opposite move. Monitoring liquidation data helps identify where the market is most vulnerable. It’s a useful tool for timing entries and avoiding crowded trades.

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$BTC needs to reclaim mOpen so we can have a proper breakout! If we SFP that level, my next support would be that pdHigh and dOpen.

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Total Mcap: Market is filtering the panic sellers before the next parabolic phase starts. We have seen this happen before 2017 and 2021 Altseason. If you look at chart, The Bull trend is intact and we should see parabolic pump in next 4-6 months due to these bullish factors • M2 money supply is exploding • The FED will end QT and potentially begin quantitative easing (QE). • 3-4 rate cuts in next 6 months • US stocks hitting new highs • Gold hits $30 Trillion and historically, when gold reaches its peak, a portion of that capital tends to flow into Bitcoin. This can lead to a sharp, parabolic rally in Bitcoin once gold stabilizes. • US Govt will pass many crypto-friendly regulations • 155 altcoin ETFs files which should be approved once shutdown ends Trust the Data, Ignore the FUD.

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🚨 BREAKING 🚨 $108,880,000 IN SHORTS HAS BEEN LIQUIDATED IN THE PAST 4 HOURS. BEARS ARE GETTING F*CKED.

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