🛑🛑🛑BTC Urgent urgent update very urgent🛑🛑🛑
1️⃣ BTC is moving higher with the news of the first new ETFs fund in Solana. However, this does not mean that the market is bullish, so there are reasons that I will mention to you in this analysis. You should be careful about trading in BTC and ETH.
2️⃣ As we know, BTC failed to rise from the 62500 area, very close to the area that I said if it is not breached, there is no rise, which was 62680. However, I was surprised by ETH’s rise because the 3280 area was a very strong support area, and I identified it in my chart in the Tradingview application a month and a half ago. Now, what are the expectations for ETH and BTC: a rise or a complete failure and a return to support areas?
3️⃣ Let's start with ETH to divide ETH into three important areas: the first is the bottom of the support, the second is the support and resistance area, and the third is the breakout area.
4️⃣ 1- The support area, which starts from the 3210 area and ends at the 3365 area, so this is the first buying area if you are accumulating (DCA).
5️⃣ 2- The second area, which is considered semi-dangerous, starts from 3365 and ends at the 3440 to 3465 area. Why is it dangerous because of the high volatility? This is an area that has a fairly strong movement in terms of buying, so it is the second buying area, which is also considered support.
6️⃣ 3- The third zone is a third for buying, as it is not dangerous, but it extends over a range starting from 3440 and reaching 3530, but it ends in an area farther than this, up to 3660. Why because it is for a long term, unlike the first zone, and the second has good support, but the third zone is only the same support zone and supports two zones 3440 and support 3530, but it A good area to buy from in case you see market positives as is happening today
7️⃣ BTC and SOL sequel in the next post so don't forget to follow me
