From Investing.com:

The cryptocurrency market is experiencing a surge in bullish momentum as Bitcoin and Ethereum bulls begin to assert control. Over $60 million in shorts have been liquidated, indicating a potential shift in market sentiment leading up to the weekend. Bitcoin has shown resilience, maintaining support above $40,000, with the next key resistance at $42,000. Ethereum is also rebounding, finding support near $2,100, with immediate resistance at $2,400.

The rebound in Ethereum could see resistance at $2,400 and potentially $2,500, with support at $2,000. Bitcoin and Ethereum are both seeing a significant number of short positions being closed as the market displays bullish signs. The liquidation heatmap illustrates the pressure on short sellers, with both cryptocurrencies maintaining strong support levels and displaying overall bullish behavior.



Read more: $60 Million of Shorts Liquidated Ahead of Weekend By U.Today