ETH/BTC in accumulation zone on low level | DrMikeM on Binance Square

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ETH/BTC in accumulation zone on low level

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📢$BTC is pumping but Alts are dumping⛔⛔
👉🏻 Who knows the reason?
👉🏻 I will declare the correct answer as winner 🏆

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#TradeWarEases Key Indicators Overview 1. Current Price: BTC $103,930.41 2. Recent High & Low: 24h High: $105,819.45 24h Low: $103,569.77 BTC is currently trading very close to its 24h low, suggesting selling pressure. 3. Parabolic SAR (Stop and Reverse): Dots are above the price, which indicates a bearish trend in the short term. 4. MACD (Moving Average Convergence Divergence): DIF: 21.68 DEA: 66.65 MACD Line: -44.96 This negative MACD value indicates bearish momentum, though not extremely strong yet. 5. RSI (Relative Strength Index): RSI(6): 42.46 RSI(12): 46.35 RSI(24): 50.10 RSI values are mostly in the neutral to slightly bearish range. Not oversold, but leaning bearish. 📊 Support & Resistance Levels From the chart, we can spot: 🛡️ Support Levels: $101,194.65 — a clear historical support level on the chart $98,588.77 — a stronger support level if it breaks below $101k $95,982.88 — longer-term support (less likely to hit unless stronger selling emerges) 🧱 Resistance Levels: $105,819.45 — recent high and psychological resistance 📉 Potential Fall Estimate If bearish pressure continues and BTC breaks below $101,194, the next likely targets are: 📉 First target: $98,588 — ~5.1% drop from current price 📉 Next target: $95,982 — ~7.7% drop from current price However, if $101,194 holds, BTC might just consolidate between $101k and $105k. 🧠 Conclusion Short-term trend: Bearish Watch key support: $101,194 Break below that: Target $98,588 → possible 5%+ fall

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$BTC Key Indicators Overview 1. Current Price: $103,930.41 2. Recent High & Low: 24h High: $105,819.45 24h Low: $103,569.77 BTC is currently trading very close to its 24h low, suggesting selling pressure. 3. Parabolic SAR (Stop and Reverse): Dots are above the price, which indicates a bearish trend in the short term. 4. MACD (Moving Average Convergence Divergence): DIF: 21.68 DEA: 66.65 MACD Line: -44.96 This negative MACD value indicates bearish momentum, though not extremely strong yet. 5. RSI (Relative Strength Index): RSI(6): 42.46 RSI(12): 46.35 RSI(24): 50.10 RSI values are mostly in the neutral to slightly bearish range. Not oversold, but leaning bearish. 📊 Support & Resistance Levels From the chart, we can spot: 🛡️ Support Levels: $101,194.65 — a clear historical support level on the chart $98,588.77 — a stronger support level if it breaks below $101k $95,982.88 — longer-term support (less likely to hit unless stronger selling emerges) 🧱 Resistance Levels: $105,819.45 — recent high and psychological resistance 📉 Potential Fall Estimate If bearish pressure continues and BTC breaks below $101,194, the next likely targets are: 📉 First target: $98,588 — ~5.1% drop from current price 📉 Next target: $95,982 — ~7.7% drop from current price However, if $101,194 holds, BTC might just consolidate between $101k and $105k. 🧠 Conclusion Short-term trend: Bearish Watch key support: $101,194 Break below that: Target $98,588 → possible 5%+ fall

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OM after this article 🤩👇🏻$OM #writetoearn #om

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War impact soon?🫣

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