I'm going to be honest about where I stand right now.
The rotation out of AI and chip stocks has really put pressure on the crypto market, with Bitcoin down over 3% on the week and currently trading at $63392.00.
This has also affected other major cryptos like ETH, which is down 1.35% in the last 24 hours, and is currently trading at $1713.65, with a low of $1710.50.
I think this downward trend could continue, with a potential stop-loss at $63000 for BTC and $1700 for ETH.
I'm taking a cautious stance, looking for a potential entry zone around $60000 for BTC and $1600 for ETH, with a take-profit at $65000 for BTC and $1800 for ETH.
The overall market sentiment is bearish, with most cryptos in the red, including XRP, which is down 1.76% and trading at $1.1160.
I'm keeping a close eye on the market, and I think it's time to be careful, with SOL being one of the biggest losers, down 3.96% and trading at $71.05.
#cryptomarket #bitcoin #ethereum #trading 🚨💰