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Market Overview - January 10.
Bitcoin (BTC) is trading below $91,000, up +0.00% overnight. Ethereum (ETH) is trading below $3,100, down -0.50% overnight.
Market Summary:
BTC - $90,612 (+0.00%)
ETH - $3,087 (-0.50%)
XRP - $2.095 (-0.50%)
BNB - $903.35 (+1.10%)
SOL - $136.00 (-1.80%)
✅Top Gainers: POL (POL) +15.20%
🛑Biggest Loss: Zcash (ZEC) -12.90%
📝Key Points:
To continue its growth, the main task for the Bitcoin (BTC) price is to remain above the $92,000 level. For the Ethereum (ETH) price, the important task is to remain above the $3,100 level.
📊💸 $1.5 billion Bitcoin shorts will be liquidated if #BTC rallies just 5% to $95k.
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📈Bitcoin Chart Analysis 📉
Bulls didn't manage to close Bitcoin dailies significantly above 2025 yearly open so price has fallen back to Bottom Formation Zone.
Bitcoin nicely sweeped chunks of liquidity below 91.5k and now found support in the form of daily EMA50. I personally am Bullish. I feel we are ready to go higher after this liquidity event. Max pain from here would be a wick towards 88-89k.
What do you think will happen
Local bottom done ❤️
88k coming 💔
My Opinion is Option 1 though 📈
