$BTC and $ETH Technical Analysis.
Total Market Cap : $1.57T🔴
Trading Volume (24H) : $80.33B🔵
BTC Dominance : 51.77%🔴
ETH Dominance : 17.04%🔴
MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Bearish🔴
Long-Term (12 Months) : Bullish🔵
$BTC: $41,504
For BTC, we had a previous drop yesterday however, the price resisted at the parallel resistance channel and now, we will have to observe on whether the parallel resistance will be broken or respected. The $43k is the next resistance we will have to observe to decide if we will go up or not.
$ETH: $2219
The ETH is playing around at the parallel channel for the moment. We will have to observe for a while on whether the parallel line will be respected or not.
Trading Guidance:
- It's best to observe from now and see if our key resistances will be broken or not.
BTC KEY Resistance: $43k - $43.5k
ETH Key Resistance: $2270-$2300
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