REALLY HUNDRED?
Hello everyone.
#BTC
On the 1H chart, Bitcoin's movement has transformed into a weekly consolidation and graphically looks quite breakout. At least, sellers are not visible for now.
As the next target above, if it breaks through, we can use the resistance of the ascending local channel, which has been forming for a week. And, looking at the current trend, we can see the next stop around $97K-98K, which will also depend on the growth rate. This growth idea will become irrelevant if the price falls below the ascending local support of the triangle, below $90K. In this case, we may see a correction down to at least $85K (the upper boundary of the imbalance on 1D), and even lower to cover it.
The news background for crypto is currently quite positive, the Trump team's recruitment is in full swing, many of whom are cryptocurrency supporters, but the geopolitical situation in recent days has been very tense, with an escalation of which all markets will plummet, regardless of any levels and candlestick formations.
Let's hope for a favorable outcome.
#ETH
On Ethereum, assuming Bitcoin decreases, we can locally see another correction to the support zone of $2800-2900 as a retest, with a continuation of growth to the descending resistance around $3750-4K, to the nearest highs of the asset.
