Long Position On ETH is Better Then BTC
Bitcoin right now is staying above $70K and on the order book we can see that between $72K and 76K is filled with limit sell orders.
Such kind of limit orders make difficult for the bull to continue because for the short time it may go down again to sweep the liquidity and also selling pressure will make difficult to go upside.
Long bull side is confirmed. But it may go again to retest 69,000 or 68,000 in order to grab the liquidity. But on the other hand if you see the Ethereum on the chart. You will get to know that long position on ethereum is better than Bitcoin.
We have no liquidity below the price value of ethereum. And there are many liquidity above the price of ethereum. So there is more for more possibility for ethereum to reach the above targets.
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Posted Using InLeo Alpha