#### Key Highlights: 1. **Bitcoin Support Levels**: - **$90,600** and **$85,000** are strong support zones. *(This means buyers are active here.)* 2. **Bitcoin Resistance Levels**: - **$98,000** and **$103,000** are strong resistance zones. *(This means sellers are likely to act here, pushing Bitcoin down.)*
The market heavily depends on Bitcoin’s movements. We’ve provided the update; now it’s up to you to plan and decide how to manage your funds accordingly.
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### Detailed Analysis: Bitcoin (BTC) has successfully held the support levels at **$90,600** and **$85,000** so far. Meanwhile, the key resistance levels are present at **$98,000** and **$103,000**.
When trading, it's crucial to exercise caution, especially as the price approaches these critical levels. Proper **risk management** is essential.
- BTC has recently **broken below its Daily 50 Moving Average (MA)**, which has now turned into resistance at **$98,000**. - For Bitcoin to maintain its **bullish momentum**, it must: - Hold the **$90,600 support level**. If this level fails, the price might drop further to fill the CME gap near **$80,800**. - Leverage the **$85,000 strong support zone** to prevent further decline.
For a **bullish trend continuation**, BTC needs to reclaim its **50 MA** by breaking through **$98,000**. If this level is breached, we could see further upside momentum in the market.
**Note**: Always trade carefully and keep an eye on these levels to adjust your strategy effectively.#Bitcoin❗ #CryptoMarketDip
ENA (on Ethereum) is pretty hype and consolidating sideways since the start of December but now seems like it might be rolling over.
Keeping in mind the lower high we see on the Daily chart and the breakdown from the rising wedge, so anticipating further price movement down.
Similar to other alts on ETH, if the 55 EMA holds and price bounces from there and continues to make lower highs, we will stay out. However, if we get lower prices, there are two places to look to get involved:
a) sweep of December lows, looking to enter 0.72c-0.75c (spot or scalp long) b) a full retrace to the 0.618 / golden pocket fib, giving us a 0.60c entry.
For long term spot holds it really pays to be patient for the lowest possible entry, so we will be monitoring progress here. 👌😎 🚨🚨 👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸