🚨 Daily Crypto Market Insights: Prepare for Major Bitcoin and Ethereum Moves 🚨
Both
$BTC and are approaching key turning points with heightened volatility expected soon. Let’s break it down and prepare for opportunities ahead.
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📉 Bitcoin Analysis: Potential Downturn Ahead
Bitcoin’s recent recovery seems to be losing momentum. The larger daily downtrend remains incomplete, hinting at lower levels ahead.
Current Range: $108,000 to $92,000 (unfolding a 4-hour bearish trend).
Temporary Recovery: This rebound appears weak, signaling a new bearish wave soon.
Key Resistance Levels:
1️⃣ $98,500 – Fibonacci 0.5 + previous resistance zone.
2️⃣ $101,000 – Fibonacci 0.618 resistance.
Key Support Levels:
1️⃣ $85,000–$87,000 – First support range.
2️⃣ $75,000–$79,000 – Second support range.
🔑 Trade Plan:
Short Entry: $98,500–$101,000
Stop Loss: $103,500
Take Profit: $87,000
💡 Strategic Reminder:
If breaks above $100,000, reduce holdings significantly. Stay vigilant against the hype and manage your emotions—profit protection is key!
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📉 Ethereum Analysis: Bearish Momentum Building
Ethereum mirrors Bitcoin’s trend, with weakening recovery signals and critical resistance ahead.
Key Resistance Levels:
1️⃣ $3,650 – Fibonacci 0.5 resistance.
2️⃣ $3,700 – Fibonacci 0.618 resistance.
Key Support Levels:
1️⃣ $3,200–$3,300 – First support range.
2️⃣ $2,900–$3,000 – Deeper support range.
🔑 Trade Plan:
Short Entry: $3,650–$3,700
Stop Loss: $3,850
Take Profit: $3,200
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🔥 Final Thoughts
Both and are approaching critical resistance zones with potential bearish moves. Be patient and stick to your strategy.
Spot traders can consider small entries near the first support zones, with larger positions at the deeper ranges.
Short-term volatility offers opportunities—but only for the disciplined.
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