đ˘ Urgent đ
$BTC and đ
$ETH Market Update đđ˘
1ď¸âŁ BTC Analysis
Price Levels:
đ As discussed a few days ago, BTC faces resistance around the 71,530 area.
đ Despite this, BTC is maintaining support 69,260 and 70,530, which is a positive sign.
Market Conditions:
đETH's presence in these areas adds to the positive outlook.
đHowever, be cautious of price fluctuations due to several negative factors.
USDT Dollar Domain:
đ USDT is expected to rise further, having already moved from 4.355 to 4.44.
đA potential rise to 4.50 could lead to a significant market correction, especially after FOMC news.
2ď¸âŁ BTC Support and Correction Zones
Current Support:
BTC is hovering around 69,300, which is positive.
It should not drop below 69,000 and ideally stay above 68,500.
Rebound Area:
The 67,300 area is crucial for a strong rebound.
Any drop below 65,150 to 67,300could trigger a substantial correction.
3ď¸âŁ ETH Performance
#ETH vs.
#BTC :
đ ETH is performing better than BTC, holding strong despite previous declines.
đKey levels to watch: above 3,600 is positive, below 3,600is negative.
Current Trading Range:
đ ETH is trading well above the 2,507 area, currently around 2,517.
This suggests potential for an upward move soon.
đ Important Reminder
DYOR: Always Do Your Own Research before making any trading decisions. My updates are not financial advice.
đ Support and Thanks đ
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