💲Bitcoin ($BTC ) and Ethereum ($ETH ) Update💲

Ethereum ($ETH )

Ethereum (ETH) didn't bounce back from the expected level, but it still declined as predicted earlier. The current situation looks promising, but to confirm an uptrend, ETH needs to break above the 50/55-day Simple Moving Average (SMA) range of $3356-$3392 on the daily chart. However, the long-term outlook remains bearish, and to reach new highs or surpass its all-time high (ATH), ETH must overcome the $3522 level and the Golden Pocket (GP) resistance.

Bitcoin ($BTC) :

As predicted in our previous update, we saw a significant price movement in BTC, with a gain of almost $6,000 or 8.2%. Currently, the 4-hour chart shows a bearish Market Structure Signal (MSS), but the daily chart still indicates a bullish market structure. As long as BTC maintains a price above $63,500, the outlook remains positive.

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