#liquidation #Ethereum If you miss the btc, at least your chances of coming back to #ETH . If you get past the 2854 resistance wall, you'll be flying over 3000-3800 eth, slow, but clear.
#bitcoin This image is a heatmap from Coinglass, showing Bitcoin (BTC) liquidity levels on the order book across different price levels. Here's a breakdown of what it likely indicates:
Key Elements: Heatmap Colors:
Brighter/warmer areas (yellow/orange) = Higher liquidity concentrations (stronger support/resistance zones).
Darker/purple areas = Lower liquidity.
Colored Ribbons (drawn by you):
Green (around $107,153.59): Indicates a support zone where buyers are likely to be.
Yellow (around $109,095.51): Another potential support, possibly weaker than the green.
Red Ribbons (from ~$111K up to $120K+): These are zones of high sell liquidity, suggesting strong resistance. The upward arrow suggests you anticipate price movement in that direction.
Interpretation: The market is currently trading sideways near $109K–$110K.
Bright yellow/white areas indicate high liquidity zones — zones where a lot of stop orders/liquidations may be triggered.
Darker areas indicate lower interest or liquidity. Annotations: Green Checkmark near $106,761: Likely indicates a strong support or accumulation area, where BTC has reacted or bounced.
Red Arrow at $111,272: Points to a key resistance or liquidation cluster — many short positions may get liquidated here if price moves up.
Yellow Arrow at $117,288: Indicates an even higher liquidity target, possibly another major resistance zone or whale target if momentum continues.
Interpretation:
If BTC continues up, it could:
Hit $111,272 and trigger liquidations, possibly gaining momentum.
Push toward $117,288 if that momentum is strong.
If BTC drops, the $106,761 level might be tested as support.
Visual analysis: 1. Upper Resistance The $110,000–$125,000 area has a dense collection of dark orange colors, indicating a large number of short positions.
If the price goes through $110K, there will be a multi-layer short wash. The price may be pushed up to $120K+ very quickly (short squeeze).
2. Lower Support The $95,000–$100,000 area also has liquidity (but is thinner than the upper zone), which may be the point where Long is open.
If the price falls in this zone, the long wash will also begin and go down quickly.
3. price behavior Prices are currently on the upward trend and are approaching the high level of liquidity at the top.
The probability is high that the price will "push into the orange zone" (liquidity magnet theory) to store liquidity before adjusting the base.