$BTC and $ETH Market Update :

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.

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