OKB

Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.

Ether holds $2,000, but may remain under pressure as traders watch corporate earnings, US government debt and growing global tensions.

Traders say Ether’s declining open interest and futures funding rates could form the groundwork for a significant short squeeze on bearish leveraged positions and a rally to $2,500.

Bitcoin and several major altcoins are attempting a relief rally, signaling that the bulls are trying to form a higher low.

Bitcoin rallies above $69,000 as retail traders apply pressure to short positions and aim to generate a lasting bullish trend change.

Bitcoin’s post-CPI rally above $69,000 may help complete the V-shaped recovery chart pattern and also confirm that $60,000 was the sell-off bottom.

Bitcoin onchain analysis eyed a potential end to the BTC price downtrend as its MVRV ratio returned to levels not seen in three years.

Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a "higher low."