Urgent 👉$BTC and 👉$ETH Market Update 🛑📢
1️⃣ BTC Analysis
Price Levels:
👉 As discussed a few days ago, BTC faces resistance around the 71,530 area.
👉 Despite this, BTC is maintaining support 69,260 and 70,530, which is a positive sign.
Market Conditions:
👉ETH's presence in these areas adds to the positive outlook.
👉However, be cautious of price fluctuations due to several negative factors.
USDT Dollar Domain:
👉 USDT is expected to rise further, having already moved from 4.355 to 4.44.
👉A potential rise to 4.50 could lead to a significant market correction, especially after FOMC news.
2️⃣ BTC Support and Correction Zones
Current Support:
BTC is hovering around 69,300, which is positive.
It should not drop below 69,000 and ideally stay above 68,500.
Rebound Area:
The 67,300 area is crucial for a strong rebound.
Any drop below 65,150 to 67,300could trigger a substantial correction.
3️⃣ ETH Performance
#ETH vs. #BTC :
👉 ETH is performing better than BTC, holding strong despite previous declines.
👉Key levels to watch: above 3,600 is positive, below 3,600is negative.
Current Trading Range:
👉 ETH is trading well above the 2,507 area, currently around 2,517.
