Mobility in the crypto market decreases. Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Cardano (Ada), such as leading crypto currencies, pass through a period where prices are stuck.
The analyzes show that long positions are among the main causes of this stagnation when the intensification of long positions and reaching the critical levels of liquidation areas.
Bitcoin is tested with $ 100,000 resistance
Bitcoin is currently trading at $ 97,000. However, the psychologically important $ 100,000 resistance, BTC’s rise acceleration is suppressing.
Focusing on the market largely on long positions squeezes price movements and makes upward breakdown difficult. Liquidation maps reveal critical levels for Bitcoin:
- There is an intensive liquidation zone of around 100 thousand dollars. Approaching this level can lead to harsh price fluctuations.
- In the lower direction, the level of 95 thousand dollars is a significant support. However, the loss of this level may trigger a decrease of up to $ 92 thousand.
For this reason, investors need to follow the $ 95 thousand – 100 thousand dollars carefully.
When the crypto money market is stagnant, will Ethereum experience a price collapse?
Ethereum’s liquidation map clearly shows the points where the price is stuck.
- There is a large risk of long position liquidation between $ 2,700 – $ 2,800. If the price reaches these levels, large liquidations can be triggered.
- There is an intense short position accumulation below $ 2,500. This level stands out as a strong support point.
ETH is trapped in this narrow processing band and a harsh break may be experienced by triggering liquidations.
BNB Price Balance Balance in Critical Thresholds
BNB is stuck in the $ 600 – 650 dollars.
- There is an intensive long position liquidation at $ 650, which makes the rise difficult.
- The $ 600 level is a support point where short positions are intensified.
If the BNB may rise above $ 650, a strong upward movement may begin. If it falls below $ 600, a sharp wave of sales may occur.
Therefore, a strong direction movement is expected in BNB.
Cardano will test $ 0.70 while the crypto currency sector falls
The liquidation map of the island shows that the price is stuck at the levels of support and resistance.
- The level of $ 0.70 is an important support point for the island. There is a large amount of long positions here, but if the price decreases, this level may be triggered by liquidations.
- A strong resistance of $ 0.90 has occurred, which makes the upward movement of the island difficult.
If a large wave of liquidation is triggered in the range of 0.70 – 0.65 dollars, the island may experience a deeper decrease. However, if it can maintain this level, a recovery may be possible for $ 0.85.
In summary, large crypto currencies such as BTC, ETH, BNB and island are experiencing price congestion at critical support and resistance levels. This congestion can turn into harsh movements by triggering liquidation zones. Investors should follow these levels carefully and be prepared against possible breaks.
