A month just ended this week, so it's time to have a look and see what the month end brought us for $HIVE and also see what $BTC and ETH/BTC did this week. Today I decided to add something new to my analysis, to help you see better, if you're interested in finding out where liquidity rests. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23t8D6MYfQj9HYpuBUwxzCKdFihYW7jgeLpbD1adE25zmitdgXG7uWoXZbGhYc3F3VvHJ.png) Last month $HIVE managed to close with a bullish gap. Nothing to write home about as the ***monthly*** candle has a long upside wick and a very small body, which indicates that the selling pressure was high, or there was not enough buying pressure, to keep price at the wick's top level, if you like this better. Either way, we got a bullish candle and $0.0553 got confirmed as swing low for now. At the time of writing, price is trading almost at he same level as the monthly open. Levels to watch are still the same, with $0.0553 added as swing low now. ![Binance HIVE_USDT Liquidation Heatmap(1 month)-2026-05-03_11_31_25.png](https://files.peakd.com/file/peakd-hive/erikah/EqWmjNAs9MQFDpyo45Ws8nz28ofaJviWSFfSCLvEyGmkCrytEmp3NtfMJ5GjmEMpYmd.png) [source](https://www.coinglass.com/pro/futures/LiquidationHeatMap?coin=HIVE) If we look at the monthly liquidity heatmap (not that I would bet my life on it, but it gives you a vague idea about how things stand), you can see there's more liquidity on the upside (yellow lines) than on the downside. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23t8D6MYfatF6gdaWGZyG6dgsf3g5R4L3pJbe9fbBhvrHWxgG2UUNAz6ipiQZ4stMEubA.png) On the ***weekly*** time frame, at the time of writing, price is way below the weekly open and if we don't get some bullish momentum today, chances to close the current candle as bearish are high. Immediate levels to watch on the upside are $0.0669 and $0.0691. On the downside, if the weakness continues, swing low at $0.0553 is what I'd be ready for. ![Binance HIVE_USDT Liquidation Heatmap(1 week)-2026-05-03_11_48_48.png](https://files.peakd.com/file/peakd-hive/erikah/EqL8fatKY4YsBFxKtRVYffN7um3Y4P5jKNARbPPEBV7nz9N7sEgrCV67gWzKczam2z8.png) [source](https://www.coinglass.com/pro/futures/LiquidationHeatMap?coin=HIVE) On the weekly heatmap, you can see, there's more liquidity resting on the upside, than on the downside, but that doesn't mean much as market makers are driving price where the most damage can be done. When everyone expects price to go up, the most damage can be done the other way, so trust your analysis, rather than blindly believe in these maps. Use proper risk management and you'll be fine. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23tcNzkBCtYkSLHcfSbgvrAM1AGZXMatcgjqqApAPhbkQdYF9ikMV24iT8jav748R7Yrp.png) On the ***daily*** time frame, price is accumulating below mid-range, if I count my dealing range between $0.0669 and $0.0553 as we established it last week. There's no momentum at the moment, no way to tell you which way price wants to go, but the levels are clear. $0.0586 on the downside and $0.0614 and $0.0635 on the upside. ![Binance HIVE_USDT Liquidation Heatmap(24 hour)-2026-05-03_11_58_13.png](https://files.peakd.com/file/peakd-hive/erikah/EqfHM9JTvZLQ4NNyUeTsYGKTLSXbWKWCVr9xD12acDU4ysNwwmNyZ66Pf61CDhhPBs9.png) [source](https://www.coinglass.com/pro/futures/LiquidationHeatMap?coin=HIVE) The 24h heatmap confirms it. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23tcNzjr1j6XP3xcTZGAvGCJJwE5QCGPKheCLKWvuxompkWos6mYxhmAfT5MWwyQCxqJc.png) The ***h4*** time frame chart is not much different than the daily. The only difference is, I'd add $0.0605 as swing high, in case we get some bullish momentum here. Otherwise levels are the same as on the daily. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23tHbfzgxSv3hHpBRR68RMxpU6JbUhwyC2Nur2HQZJvSsa9aFox7aLeT7pBhyEAJ7Senc.png) ***$BTC*** hit resistance this week and set a swing high at $79,457 on the ***daily*** time frame. At the time of writing, price is retesting the bullish gap set on Friday. If the gap holds, $79,457 and the bearish gap above it is next. If the bullish gap can't defend price, $74,900 could be next on the downside. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23tSzLNGUXe9Ya4qerK5XiZ1auaeJwvL2Q51LsCmeGr5uC89rS8Ww7xYkb9J6U7gvqKBv.png) ***ETH/BTC*** could not hold mid-range and sold off. So I'd be looking at 0.028779 to be swept next. If, by a miracle we get some bullish momentum, reclaiming mid-range and turning it into support is crucial. ![image.png](https://files.peakd.com/file/peakd-hive/erikah/23t86HAXVfdAczzREPisLUocUnXNznCRKp9Q3yUFta21tFRzdtRZ622WL38Ds9pjZhSjX.png) [source](https://www.forexfactory.com/calendar) Next week we have two red folder days, with data release, but I'd be cautious as the geo-political situation might change as well. Maybe the market is not going to react so violently to it as everyone got tired of these manipulations, but I'd still be cautious.

*Remember, technical analysis is not about forecasting price, but about reacting to what price does.* As always, this is a game of probabilities, not certainties. Also please note, this is not financial advice, it's my view and understanding of the market. All charts posted here are screenshots from Tradinview. Come trade with me on [Bybit](https://www.bybit.com/invite?ref=M3YJA).

If you're a newbie, you may want to check out these guides: - [Communities Explained - Newbie Guide](https://peakd.com/hive-174578/@erikah/communities-explained-newbie-guide) - [Cross Posting And Reposting Explained, Using PeakD](https://peakd.com/hive-174578/@erikah/cross-posting-and-reposting-explained-using-peakd) - [Hive Is Not For Me](https://peakd.com/hive-150329/@erikah/hive-is-not-for-me) - [How To Pump Your Reputation Fast - Newbie Guide](https://peakd.com/hive-150329/@erikah/how-to-pump-your-reputation-fast-newbie-guide) - [Tips And Tricks & Useful Hive Tools For Newbies](https://peakd.com/hive-150329/@erikah/tips-and-tricks-and-useful-hive-tools-for-newbies) - [More Useful Tools On Hive - Newbie Guide](https://peakd.com/hive-150329/@erikah/more-useful-tools-on-hive-newbie-guide) - [Community List And Why It Is Important To Post In The Right Community](https://peakd.com/hive-174578/@erikah/community-list-and-why-it-is-important-to-post-in-the-right-community) - [Witnesses And Proposals Explained - Newbie Guide](https://peakd.com/hive-150329/@erikah/wintesses-and-proposals-explained-newbie-guide) - [To Stake, Or Not To Stake - Newbie Guide](https://peakd.com/hive-150329/@erikah/to-stake-or-not-to-stake-newbie-guide) - [Tags And Tagging - Newbie Guide](https://peakd.com/hive-150329/@erikah/tags-and-tagging-newbie-guide) - [Newbie Expectations And Reality](https://peakd.com/hive-166408/@erikah/newbie-expectations-and-reality) - [About Dust Vote And Hive Reward Pool](https://peakd.com/hive-153850/@libertycrypto27/discover-hive-focus-on-dust-vote-hive-reward-pool-advices-for-new-users-cosa-sono-i-dust-vote-consigli-per-nuovi-utenti-engita), by libertycrypto27

bitcoin technical analysis