As crypto markets fluctuate near key technical zones, traders are eyeing critical levels on $BTC

BTC/USDT and $ETH

ETH/BTC. Both pairs are showing signs of short-term corrections — BTC facing resistance, and ETH showing weakness against BTC. Here’s a breakdown of what to watch and how to position accordingly.

BTC/USDT at Resistance: R5 Rejection Suggests Imminent Pullback

BTC/USDT has reached a significant resistance level near 93,766 (R5), facing strong selling pressure. Multiple failed attempts to break above this level hint at a possible reversal. The price is currently hovering around $93,457, and the short-term momentum is starting to fade.

Key support levels to watch:

  • 92,688: A break below could confirm weakening buyer strength.

  • 91,948: Loss of this level might accelerate the pullback.

If both support levels fail, BTC could drop towards the psychological zone of $90,000, with further downside potential to 88,690.

Trader’s Note: This is a prime zone to consider partial profit-taking or short setups, depending on confirmation from volume and candlestick patterns.

ETH/BTC Bearish Alert: Support Breakdown Hints at Sharp Drop to 0.01613

ETH/BTC is flashing strong bearish signals. The pair has broken below 0.01881, a critical support level that has held for days. If the price crosses 0.01821, it confirms the start of a deeper downtrend.

Based on order book flow and momentum indicators, ETH/BTC is projected to drop as low as 0.01613 by tonight. Current price action is consolidating below the previous support, showing weakness and lack of recovery attempts.

Key levels:

  • 0.01881 – Broken support (sell signal)

  • 0.01821 – Bearish confirmation

  • 0.01613 – Target zone for potential drop

Trader’s Note: This setup favors short-term bearish positions. Risk management is crucial, and trailing stop-losses are recommended to protect profits during a fast move.

Conclusion:

With BTC showing exhaustion at resistance and ETH slipping into a confirmed bearish zone, the market is entering a critical phase. Traders should remain alert, follow technical signals, and adjust their strategies accordingly to capitalize on potential volatility.

Stay tuned for live updates and more in-depth analysis only on Binance.

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