Here's a quick update on #BERAUSDT Current Price: $3.474
24h High / Low: $3.663 / $3.405
Price Change: Down -4.93% over 24 hours
Volume (24h):
BERA: 8.66M
USDT: 30.46M
Short-term Trend: The price is currently in a downtrend, with a series of lower highs and lower lows visible on the 15-minute chart.
Indicators:
EMA lines (blue and green) show bearish crossover and continuation.
RSI is trending downward, indicating weakening buying momentum, but not yet oversold.
Volume: Generally steady but with more red bars, showing sell pressure.
Support Zone: Around $3.40 Resistance Levels:
Minor: $3.489
Stronger: $3.503 and $3.522
Outlook: Short-term momentum suggests bearish pressure, so caution is advised if entering long positions. Look for a clear reversal pattern or RSI oversold bounce for entry.
SPY (SPDR S&P 500 ETF Trust) isn't a crypto asset—it's a traditional financial instrument. Here's how it works and how it may relate to crypto:
What SPY Is:
SPY is an exchange-traded fund (ETF) that tracks the S&P 500 index, representing the 500 largest publicly traded companies in the U.S.
It's a way for investors to gain exposure to the overall U.S. stock market without buying individual stocks.
How SPY Relates to Crypto:
1. Market Sentiment Correlation:
SPY often correlates with crypto trends. For example, when SPY rises, Bitcoin and other crypto assets sometimes follow because both markets react to macroeconomic factors like interest rates or inflation.
2. Risk Appetite Indicator:
Rising SPY prices can signal increased investor confidence, potentially boosting speculative assets like crypto.
Conversely, a drop in SPY may reflect risk-off sentiment, which can hurt crypto prices.
3. Used by Traders:
Crypto traders may track SPY (and other traditional indexes) to gauge broader market trends and anticipate crypto moves.
There's a concentration of predicted liquidation zones between $95,000 to $96,000.
Above $96,000, liquidation levels thin out, suggesting a breakout could move quickly if it breaches this range.
On the downside, liquidation pressure strengthens near $93,000 and below.
Combined Insight:
BTC is trading in a tight short-term range between $94.2K and $95.6K. If it breaks above $95.6K, there's potential for a quick short squeeze up to $96.5K or beyond due to thin resistance on the liquidation map. However, if it fails and drops below $94.2K again, sell-offs may trigger around $93K.
EMA(34) is around $94,524 — price is trading above EMA, showing bullish momentum.
RSI(20) at 63.78 and RSI(80) at 53.74 — no overbought yet, still room to go up.
MACD (DIF 563.33, MACD line 237.88) is positive and widening — bullish signal.
Wm %R at -29.14 — closer to overbought zone, but not extreme yet.
Coinglass Heatmap
BTC price is pushing up near 95k levels.
Liquidation map shows light green/yellow areas around 95,000–96,000, meaning liquidation clusters are building up there.
If price hits these zones, you might see big liquidations and a sharp move either quick spike up or sudden pullback.
Summary: BTC is bullish short-term, trying to break 95k, but approaching liquidation resistance near 95k–96k. Watch carefully — if it clears that zone with volume, it can pump harder. Otherwise, you might see a short squeeze followed by a quick rejection.
EMA 34: Price is holding just above the 34 EMA ($0.081386), showing potential support and trend continuation.
RSI (14): Sitting at 52.43, indicating neutral momentum. Neither overbought nor oversold — momentum is cooling off from the explosive pump.
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Coinglass Liquidation Heatmap Insights
Massive liquidation clusters between $0.065–$0.075, confirming that area as strong support now.
Some liquidations triggered around the top ($0.11–$0.12), followed by a drop — likely stop hunts or overleveraged long liquidations.
The heatmap shows pressure building around $0.09–$0.10 and potentially more liquidation liquidity lurking near $0.12 if price moves upward again.
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Quick Summary & Outlook
Short-term bias: Consolidation above EMA suggests potential continuation if volume returns.
Key levels to watch:
Support: $0.081 / $0.075
Resistance: $0.092 / $0.10 / $0.117
Strategy Tip: If price holds above EMA 34 and reclaims $0.09 with strong volume, it could retest highs. Be cautious of manipulation near heavy liquidation zones ($0.065 and $0.12).
EMA 34: Price is holding just above the 34 EMA ($0.081386), showing potential support and trend continuation.
RSI (14): Sitting at 52.43, indicating neutral momentum. Neither overbought nor oversold — momentum is cooling off from the explosive pump.
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Coinglass Liquidation Heatmap Insights
Massive liquidation clusters between $0.065–$0.075, confirming that area as strong support now.
Some liquidations triggered around the top ($0.11–$0.12), followed by a drop — likely stop hunts or overleveraged long liquidations.
The heatmap shows pressure building around $0.09–$0.10 and potentially more liquidation liquidity lurking near $0.12 if price moves upward again.
---
Quick Summary & Outlook
Short-term bias: Consolidation above EMA suggests potential continuation if volume returns.
Key levels to watch:
Support: $0.081 / $0.075
Resistance: $0.092 / $0.10 / $0.117
Strategy Tip: If price holds above EMA 34 and reclaims $0.09 with strong volume, it could retest highs. Be cautious of manipulation near heavy liquidation zones ($0.065 and $0.12).