Dear Fellow Binancians ,
Bitcoin has broken down from its major retest and support zone, and unfortunately, the worst-case scenario has played out. If you have any plans for Bitcoin, avoid catching falling knives. Instead, wait for the $62,000 - $62,500 range before considering any new setups or DCA (Dollar-Cost Averaging) strategies. It’s essential to let the market settle before making any moves.
On the other hand, Ethereum has just filled its price action imbalance gap at $3,230. This level can be considered for spot accumulation. For new $ETH positions or DCA, wait for today’s closing. Based on the current situation, traders can consider $3,160 for new ETH entries.
I will keep you updated in real-time if this correction extends further to the downside.
Good luck.
#Bitcoin_Coneference_2024 #bitcoin☀️ #EthereumETFApprovalExpectations #Bitcoin_Coneference_2024 #ETH_ETFs_Approval_Predictions
