WEEKEND CRYPTO MARKET FLUCTUATIONS: BTC AND ETH
This weekend, cryptocurrency markets experienced more significant fluctuations compared to previous weeks. Bitcoin (BTC) reached the expected peak on Saturday, reaching 102,500, and short positions opened at this level made a profit with a 1,500-point pullback in the evening hours. Ethereum (ETH) positions were closed earlier, making a limited gain of only 50 points.
On Sunday, BTC broke through the 102,500 resistance and reached 102,900, increasing by about 2,200 points from morning to noon. This movement shows that the weekend was not calm, but the trading volume slowed down somewhat. In the daily charts, the upper resistance level is determined as 103,000, while it is observed that the market is consolidating at high levels and a strong uptrend continues.
In short-term strategies, BTC can be bought at 100,800-101,300 levels and targeted at 103,000. ETH can be bought at 3,830-3,850 levels and targeted at 3,950. These strategies are based on the current dynamics of the market and technical analysis.
As a result, cryptocurrency markets exhibited significant fluctuations over the weekend. This movement offers investors short-term opportunities while also reflecting the general trend of the market.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️