BTC Urgent Update🛑🛑🛑
BTCUSDT: 61,521.9 (+0.89%)
1️⃣ $BTC
Analysis: Proceed with Caution
Bitcoin is climbing higher, driven by the news of the first new ETFs fund in Solana. However, this doesn’t guarantee a bullish market. Caution is advised when trading BTC and ETH due to several underlying factors.
2️⃣ $ETH Analysis: Key Levels and Expectations
ETHUSDT: 3,445.71 (+1.67%)
Bitcoin recently failed to break above the 62,500 level, close to the critical 62,680 resistance. Meanwhile, ETH has shown surprising strength, rising from the 3,280 support area—a level identified on TradingView a month and a half ago.
Key Levels to Watch:
1. Support Area: 3,210 - 3,365
This is the first buying zone if you are accumulating through Dollar-Cost Averaging (DCA).
2. Volatile Zone: 3,365 - 3,440/3,465
This area is semi-dangerous due to high volatility but is also a strong support zone and a second buying area.
3. Breakout Zone: 3,440 - 3,530/3,660
This is a longer-term buying zone, extending from 3,440 up to 3,660. It’s less risky and supported by the previous two zones.
Expectations for #ETH and #BTC☀
The main question is whether ETH and BTC will rise or fail and return to support areas. Based on current market conditions and support levels, there are opportunities for strategic buying in the specified zones.
### Next Steps
Stay tuned for the follow-up analysis on BTC and SOL in the next post. Follow me for more updates.
#VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #CryptoTradingGuide $SOL
