BITCOIN APPROACHES 69,000 RESISTANCE, ETHEREUM STUCK AT 2,675: POSSIBILITY OF CORRECTION ON THE AGENDA‼️
While Bitcoin (BTC) has risen to the level of 69,000 again with the increase in volume in recent days, it is having difficulty overcoming this resistance point. Ethereum (ETH) showed a weaker performance and recovered to the level of 2,675, but could not test the resistance of 2,700. The general trend in the market is strong, and the signals of breaking the resistance points continue on a daily basis.
According to technical analysis, although BTC has a strong upward momentum, short-term corrections seem inevitable. Easily overcoming the resistance level around 66,000 has the potential to lead to new records in the coming days. However, in the short term, pullback operations and short-term transactions will be at the forefront for BTC and ETH.
Tactically, long positions are recommended for BTC at levels of 67,800-68,100, while the short-term target is determined as 68,700-69,000. For ETH, long positions can be opened in the range of 2,620-2,640 and 2,680 can be targeted. However, a pullback is expected before the US presidential elections in November.
Conclusion: Although Bitcoin's upward momentum continues, it is important to trade cautiously by paying attention to short-term corrections.
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- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED‼️ Definitely do your own research❗️
