According to CrypNuevo on Twitter, Bitcoin's recent price action is showing strong bullish momentum, with the asset rebounding off the 1-week 50 Exponential Moving Average (1W50EMA) and maintaining a solid market structure. CrypNuevo notes that this technical setup suggests a potential move to new highs, which is particularly relevant for traders focused on trend continuation and breakout strategies. The analysis emphasizes that the current environment is rewarding traders who adhered to their convictions during recent volatility, and highlights the importance of monitoring key technical indicators for timely trade entries and exits. Source: CrypNuevo Twitter, May 11, 2025.

According to CrypNuevo, all high time frame (HTF) liquidations targeted have been hit, with liquidation DELTA indicating a significant imbalance in long positions, posing a high risk for a potential long squeeze at the $90k main liquidation level.