The crypto market is showing mixed signals today, with both Bitcoin ($BTC ) and Ethereum (ETH) consolidating after recent volatility. Let’s break it down 👇
🟠 Bitcoin (BTC)
Current price: around $103,000
Facing resistance near $107K-$108K
Key support: $101K-$102K
If BTC breaks above the resistance, we could see a strong bullish move. But a drop below $101K may trigger short-term bearish pressure.
🟣 Ethereum ($ETH )
Trading near $3,500-$3,600
Key support: $3,000-$3,200
Resistance zone: $3,600-$3,700
A clear breakout above $3,700 can open doors to the $4,000 level. However, losing $3,000 support could push ETH back toward $2,800.
📊 Market Sentiment The market is currently in a consolidation phase, waiting for a clear breakout. Whales are accumulating ETH at lower levels, indicating long-term confidence, while BTC is holding steady above major supports.
💡 My View: ETH seems slightly stronger than BTC at this point due to whale accumulation and better structure near support levels. However, both remain sensitive to macroeconomic news and regulatory updates.
⚠️ Reminder: Crypto trading is highly volatile always manage risk wisely and never invest more than you can afford to lose.