Bitcoin sits between two major liquidity blocks, creating a tight range that now anchors the broader market’s next move. At the same time, Ethereum’s ratio against Bitcoin is breaking its downtrend, adding a second signal that rotation and volatility may soon pick up.

ETHBTC Breaks Its Downtrend as Chart Shows First Clean Retest and Lift

Ethereum’s ratio against Bitcoin is showing its clearest bullish structure in months after breaking out of the descending channel that shaped the entire autumn move. The chart from BitBull highlights how price pushed above the upper trendline for the first time, paused on a clean retest and then turned higher again. That sequence often signals a shift in momentum as sellers lose control of the range.

ETHBTC Breakout Retest Pattern. Source: BitBull

The breakout followed weeks of lower highs inside the channel. Each attempt to recover stalled under the same diagonal resistance until this week’s close pushed through it. That move set the stage for the retest, where ETHBTC dipped back toward the trendline but held the level instead of sliding beneath it. The candles in that zone stayed tight, showing that buyers continued to absorb pressure.

Now the ratio is lifting off the retest area with a stronger push than earlier bounces. The candles forming above the trendline show the shift from defense to offense as the pair tries to build a higher structure. BitBull notes that this type of breakout–retest–continuation pattern often marks the early phase of a broader uptrend when market conditions support rotation into Ethereum.

Bitcoin Liquidity Map Shows Heavy Cluster at 93K–94K While Price Stays Range-Bound

Meanwhile, Bitcoin’s latest liquidity heatmap points to a dense cluster of resting orders between 93,000 and 94,000 dollars, according to data shared by Daan Crypto Trades. The CoinGlass map shows thick bands of liquidity in that zone, suggesting many leveraged positions and pending orders sit just above the current range. That area now stands out as the nearest pocket where a sharp move could trigger larger liquidations.

Bitcoin Liquidity Heatmap 93K–94K Cluster. Source: Coinglass / Daan Crypto Trades

Below the market, the chart flags 87,000 dollars as the next important band, although the liquidity there appears thinner. The stripes around that level are less intense, which means there is still interest but not the same concentration seen higher up. If price moves down, the 87,000 region remains a reference point, yet it does not show the same weight of clustered orders as the overhead block.

Between these bands, Bitcoin continues to trade sideways, with candles sliding back and forth across the same intraday levels. The structure reflects a market that is still searching for direction while leverage builds around clear zones. As a result, traders watch the heatmap for confirmation of a breakout from the current range, since a decisive move into either cluster would likely release a new wave of volatility.