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Four-hour trend is weakening, eight-hour is facing a potential reversal.
Hold off on long positions between 2050-2080 and wait for a clear trend to emerge.
Two-hour liquidity chart shows that large traders are not mainly in BTC; most are concentrated in ETH.
BTC: A 72-point spike on the 2-hour chart was quickly corrected, returning to the original pattern. Liquidation orders are around 69,200. Trading volume today, Monday, is still poor. Asian session shows no strength.
ETH's story is quite exciting, with all large traders pushing short. After rebounding to this level, many are confident to short again. Those looking to buy should be cautious. Be patient and wait for a dip.