📊 #binanceWrite2Earn The crypto market remains in a state of slight stress and heightened waiting. According to reliable sources, the key support for Bitcoin fluctuates between $107,000 and $110,000 with a benchmark around $100,000 if and only if it breaks.$BTC
It should be noted that the announcement of tariffs and trade tensions reported by the press has caused a rapid pullback in cryptos, which is the subject of this publication "BNB, BTC AND ETH: BEHAVIOR IN STRESS ZONE."
🧮 From the analysis of the three cryptocurrencies listed, we note the following:
Bitcoin (BTC) maintains its position as a leader and its character as an undisputed relative safe haven in the crypto universe remains its strengths.
#BinanceSquare Nevertheless, as mentioned earlier, if the support of $107,000 to $110,000 holds, a technical rebound is possible; otherwise, the opposite should be considered.
A beautiful woman can only give what she has, and Bitcoin despite its position and character as a safe haven is dependent on a highly volatile market that fears a #shutdownUSgovernment and other macroeconomic disturbances mainly related to tariffs resulting from the trade war between the two powerful global economies, namely the USA and China, etc., which further drives away risk appetite among users. These remain weaknesses to observe for the Bitcoin leader.
In short, from reading its strengths and weaknesses, if Bitcoin breaks its major support, the reaction could be swift and pronounced.
Regarding Ethereum, it benefits from strong sentiment in the DeFi ecosystem, smart contracts, etc., good for the medium term.$ETH
It is worth noting that during periods of recovery for risk assets, ETH can capture part of this situation.
On the other hand, ETH is very sensitive to liquidations and profit-taking as observed so far during market pullbacks. It remains more vulnerable than BTC to negative macroeconomic and technical effects as it is riskier.
Finally, BNB, a technical structure seems to be consolidating favorably for its cause with the repeated recovery of levels as evidenced by various alerts on listings on major platforms, which improves liquidity. Although it has fewer virtues as a pure store of value than BTC, BNB benefits from the #Binancesmart-chain ecosystem.
If altcoins decline, BNB may be dragged down like them, hence the risk of a return to the mean is higher. From the above, the key technical support not being as strong as that of BTC, if BNB loses $ 1,000, a slide may accelerate.
🌍 A #shutdownUSgovernment better a partial halt of the American state or an announcement of tariffs, international tensions inexorably trigger a defensive flow on high-risk assets such as altcoins. We saw this with a weakened BTC after the announcement of tariffs resulting from the trade war between the two powerful global economies, namely China and the USA. In this context, the market is awaiting support signals, and any macroeconomic turning point: Fed announcements, inflation, etc. can become catalysts.
Thus, if a big event does not occur but the market prepares for it, we may have negative anticipation, which can hinder the rise, even without a real event. An optimistic situation that many users desire! Unfortunately, the #shutdownUSgovernment , #Tariffs are already producing their harmful effects on the cryptocurrency market combined with its volatile nature.
🔮 The stage is set for these three leaders, and the market is on standby and ready to react at any moment in light of the inputs it receives.
Regarding BTC, it is important to monitor the level $ 107-110 k to hold it and lose it! In the first scenario, this augurs a good sign while in the second, there is a risk of sliding.
ETH, for its part, heralds good potential but caution is required, especially if macroeconomic signals harden.
BNB presents interesting opportunities, given its various rises observed over the last two or three months but with higher risks. A good rebound can be considered if and only if the situation improves further.$BNB
Therefore, in light of the above, if geopolitics or a shutdown provokes fear in the market, which is currently the case, it is advisable to prioritize caution in personal research, while adjusting positions, protecting gains supported by tight monitoring. All things being equal, conversely, if calm returns, however precarious, a rebound of opportunity may be triggered, notably for ETH and BNB.
💡 Who wants to go far takes care of their mount, they say! Think of your short-term horizons equating to current fears, and medium-term equating to adopting strategies anchored in solid fundamentals.