BTC

I haven't done post analysis for a few days because volatility was zero. We saw some volatility yesterday, not that big but significant nonetheless. From a technical point of view, the price hit the 25550 mark yesterday and quickly recovered. Also, the price hit resistance around 25800 (white line). Currently the price is breaking below the POC level, which means if the price closes below this level and rejects it, it could be a good trading opportunity. Keep in mind that liquidity was between 25530ish-25300ish since last week and I think this liquidity zone will be filled this week. Overall, there are no major changes and the price continues to consolidate which is boring for intraday trading. The RSI is at 44 which is neutral. One bullish divergence has already occurred overnight (1am UTC). From a fundamental point of view, no major changes have taken place.

The volume curve looks good. There is 1 volume gap: 25931-26209; POC is at 25723;

Today's plan: I will wait for the current price action around POC. As I mentioned above, the current price is breaking it. If the price closes below it (wait for the candle to close) and rejects it => go short; if the price pulls back => go long;

ETH

As you can see from the chart, BTC is currently outperforming ETH (ETH has been sold off more than BTC). From a technical point of view, currently ETH price is sitting on a local support level (white line – 1593) and trying to break down. Yesterday, during the plunge, ETH managed to bounce off the local support level and tried to recover the price, but as we can see, the price formed a lower low on the 1 hour timeframe, which is not a good sign. The price broke through the POC, but did not retest it as a resistance level. It will take some time to see another POC level (maybe next week. ETH looks more volatile than BTC, I will pay more attention to trading. Overall, there are no major changes from a technical point of view. The RSI is at 27, which is an oversold level. There is no divergence overnight. BTC dominance is increasing, and the current dominance is 49.73%. The bad sign here for altcoins is that the dominance forms a higher high on the 1 hour timeframe. From a fundamental point of view, there are no major changes.

The volume curve looks good. There are 2 volume gaps: 1595-1604; 1638-1642; POC is at 1632;

Today's plan: As I write the analysis, the price bounces off the local support. I will wait for the candle to close, if the price closes above it (local support) => long; if the price closes below it and rejects it => short;