🚨 Crypto Market Analysis: Is the Dip Over for BTC, ETH, and BNB? Should You Buy or Wait? 🚀
Let’s break down the 4-hour charts to understand the situation, find key support and resistance zones, and decide if it’s time to buy or wait.
1️⃣ BTC/USDT Analysis
Current Price: $92,790 (-3.24%)
Support Levels: $91,800 (critical), $90,000 (major psychological level)
Resistance Levels: $95,200 and $96,300
Analysis: The drop to $91,800 suggests buyers are stepping in, but the volume shows hesitation. If $91,800 fails, we could see BTC retest $90,000. Watch for a breakout above $95,000 for a potential reversal.
Emotional Zone: Fear dominates under $90K. Bulls need to defend!
What to Do:
Wait: Enter only after BTC holds above $92,000 with strong volume.
Buy the Dip: If BTC drops to $90K, it could be a long-term buying opportunity.
2️⃣ ETH/USDT Analysis
Current Price: $3,247 (-3.91%)
Support Levels: $3,208 (holding), $3,181 (critical)
Resistance Levels: $3,378 and $3,428
Analysis: The $3,208 support level is being tested repeatedly—if it fails, ETH could slide to $3,100. A break above $3,378 might trigger a short-term rally.
Emotional Zone: Panic below $3,100; relief above $3,400.
What to Do:
Wait: Avoid buying now unless ETH shows strength above $3,250.
Secure Entry: If ETH bounces from $3,200 with strong volume, consider entering.
3️⃣ BNB/USDT Analysis
Current Price: $686 (-1.67%)
Support Levels: $674 (key), $670 (last line)
Resistance Levels: $702 and $713
Analysis: The price is hovering near $674, a crucial support zone. If it breaks below, $650 might come into play. A breakout above $700 could indicate recovery.
Emotional Zone: Fear under $670; confidence above $700.
What to Do:
Wait: Only buy if BNB holds above $686.
Dip Buyers: Look for opportunities around $670 if buyers defend.
💡 Strategy:
For conservative traders: Wait for confirmations above resistance levels.
For risk-takers: Consider buying dips near strong support zones like $90K (BTC), $3,200 (ETH), and $670 (BNB).